Tag Archives: corporation tax

Possible Further Drop in Corporation Tax Post Brexit

Ahead of the Autumn Statement the Prime Minister in London today is expected to drop hints of a further cut in corporation tax (CT) after Brexit. CT is already due to fall from 20% to 17% by 2020. It seems … Continue reading

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Norway Extends Ship Tonnage Tax into 2017

Norway has got EFTA, European Free Trade Association, approval to extend its current tonnage tax by 6 months to mid-2017. The extension will allow Norway time to finalise a revised tonnage tax scheme, to be renewed for 10 years, and … Continue reading

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Institute of Economic Affairs Suggest Scrapping 20 Taxes

The London based Institute of Economic Affairs (IEA) has suggested repealing some 20 taxes in a reform of the tax laws, in an effort to simplify the system. Out would go capital gains tax, inheritance tax and council tax, among … Continue reading

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Tax Implications of Tribunal Finding Uber Employs Drivers

The London Employment Tribunal finding in a test case that Uber divers are its employees, not so-called partners or supposed contractors, has huge tax implications. As well recognising that the drivers have worker’s rights in law, eg holidays and sick … Continue reading

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Rotterdam and Other Ports to Appeal European Commission Tax Ruling

The Rotterdam port authority, together other Dutch shipping and sea ports, has said it will appeal the European Commission January ruling against its exemption from corporation tax. The basis of the challenge is thought to be an infringement of proper … Continue reading

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European Challenge to Tax Status of Ports

The European Commission considers the Netherlands corporation tax exemption for 6 of its main and publicly owned main seaports as anti-competitive. The ports include Groningen, Amsterdam and Rotterdam. This follows an investigation by the EC and changes to Dutch law. … Continue reading

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Ex-Chancellor Lawson Calls for Business Sales Tax to Replace Corporation Tax

Lord Lawson, ex-Chancellor under Margaret Thatcher, has called for corporation tax to be replaced by a business sales tax. He told the Daily Telegraph that : “It is profoundly unsatisfactory that corporation tax has to be collected from large multinational … Continue reading

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