OrbitaxUK Labour Party Tax Plans Include Unitary Taxation for Multinationals, Increased Corporate Tax Rates, and a Windfall Tax on Oil and Gas Companies
|Proposed Changes|United Kingdom
The UK Labour Party has announced its tax plans in the run-up to the general election that will be held on 12 December 2019. One of the key aspects of the Party's plans is the introduction of unitary taxation (formulary apportionment) for taxing multinationals ({News-2019-10-30/P/7-previous coverage}).
Another important aspect of the plans is a reversal of the UK corporation tax cuts that wer…
Continue Reading
