The race to the bottom on cutting company tax rates has failed | Greg Jericho

The race to the bottom on cutting company tax rates has failed | Greg Jericho

The Guardian

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After decades of falling company tax rates, the push in the US and UK is going the other way

For the first time in around 40 years something weird is happening to the debate about tax – and it is one that makes calls for ever-lower company tax rates look decidedly out of step.

Since the 1980s, when Margaret Thatcher and Ronald Reagan, under the thrall of neo-liberalism, cut company tax rates in the UK and US, the mantra on company tax has been to cut and reap the benefits.

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