UK banks lobby on tax rates after Brexit - fears of shift to Continent

UK banks lobby on tax rates after Brexit - fears of shift to Continent

Britain's banking industry is going on the offensive to campaign for lower taxes as bank lobby group said that the UK risks driving banks overseas if current high levels of taxation on the industry are maintained after Brexit.  UK Finance, which represents major lenders, issued the broadside alongside figures to help make its case, which suggested the sector currently pays £1 in every £8 of corporation tax in the UK. The sums, based on analysis by PwC, showed banks handed over a total o...

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