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Grow NI disputes UK treasury estimate of corporation tax cut cost

bySahar
03/10/2015
in Uncategorized
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LONDON: The cost of introducing a lower rate of corporation tax could be dramatically less than previously projected.

The British treasury estimates it would cost the Northern Ireland Executive about £325 million (€440 million) to cut the corporation tax rate in the North.

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But Grow NI, the business umbrella group which has spearheaded the lower corporation tax rates campaign, says its latest research – based on current UK statistics – shows the figure would be closer to £192 million.

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