The Chancellor has ordered a full blown investigation into the implications of streamlining corporation tax North/South.
The Northern Ireland Affairs Committee will probe this in the Autumn. The key question raised is the following: What would be the benefits of equalizing the corporation tax rate in Northern Ireland with that of the Republic of Ireland?
George Osborne plans to reduce the main rate of corporation tax in the UK from 28% to 24% over the next four years. The corporation tax rate in the Republic of Ireland is 12.5%.
David Cameron promised to look at Corporation tax when he was here around election time. He is keeping his word. One has to respect that.
[This article originally appeared on Slugger O’Toole]
