March 20, 2023

Global News Of Note: UK Makes Tax Changes For Companies

What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:

  • The United Kingdom Chancellor of the Exchequer Jeremy Hunt announced last week that the corporate tax paid on company profits will climb in April from 19 percent to 25 percent for companies with over £250,000 in profits. Hunt also announced a plan to allow the full cost of business investments, including factories, machinery, and information technology equipment, to be deducted upfront instead of over several years. The BBC has more here.

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