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...Rachel Reeves, the UK’s shadow chancellor, has promised no rise in corporation tax from its current rate of 25 per cent under a Labour government if the party wins the general election later this year....
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...Alongside the freeze on corporation tax, Reeves announced a Labour government would keep the “full expensing” regime....
...For chip design giant Nvidia, the boom in artificial intelligence has coincided with a useful period of unusually low tax rates. A decade ago the company’s effective tax rate was 17.4 per cent....
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