Accountancy Age

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LOWER CORPORATE TAX rates increases the amount of foreign investment into a country, a report by fDi Magazine, from the Financial Times, has found. Although a country’s GDP is the biggest determining factor in attracting inward investment, the sample of 46 countries found that corporate tax rates also correlated with inward investment. With the OECD and G7 looking at ways to counter multinational tax avoidance, changes to tax rates could directly…