The Autumn Budget, released November 22, lowers the United Kingdom’s economic growth forecast as it moves towards Brexit.
On October 31, 2017, Royal Decree No. 647 was published, allowing small and medium-sized enterprises to claim double corporate tax deduction.
Chief Executive Carrie Lam announced on October 11, 2017, that a new corporate tax system will be implemented in 2018.
The Chancellor of the Exchequer, Phillip Hammond, presented his first and last Spring Budget on March 8.
To remain competitive with China, the India Finance Minister, Arun Jaitley, has stated that India will reduce its corporate tax rate from 30% to 25%.
Government aims to boost investment.