Belfast Telegraph

July: Osborne tax plan sparks fear

Chancellor George Osborne induces panic in Northern Ireland when he says he may implement a corporation tax rate of 15% or lower across the UK to help the post-Brexit economy. That policy could neutralise Northern Ireland's plans to introduce a 12.5% corporation tax rate from 2018. Osborne is soon sacked as Chancellor by Prime Minister Theresa May, and replaced by Philip Hammond.

Lawyer John-George Willis, from the corporate department of Tughans, predicts that growing numbers of Northern Ireland companies will be targets of takeovers by European and US businesses as the value of the pound continues to weaken. His comments came as ARM Holdings, the UK's most successful technology company, was snapped up in a £24bn deal by Japan's SoftBank.

Belfast Telegraph


From Belfast Telegraph