U.K. Chancellor of the Exchequer Rishi Sunak will announce plans to increase corporation tax when he delivers his budget next month, the Sunday Times reported.
The current 19% rate will be raised by at least 1 percentage point initially this fall, the newspaper said, without saying where it got the information. Sunak will also outline plans for successive increases in the years through to the next general election, with the rate likely to reach as much as 23% by the eve of that poll, it said.
As mentioned in our previous post, extra savings will interest States to reduce their deficit and reduce the come back to the real-life…