Could corporate fiduciary support tax breaks?

Improved corporate fiduciary may encourage the government to lower tax on the sector, a move one expert claims will attract more foreign investment.

Alistair Tebbit, spokesman for the non-party political organisation the Institute of Directors, argues the main factor lowering Britain's competitiveness is corporation tax, suggesting the UK is above the European average and "that is something that needs to be rectified".

Better corporate fiduciary could lower overall levies, as the recent spending review introduced a charge designed to encourage responsible commercial activities, something that might be removed if it were deemed no longer necessary.

Chancellor of the exchequer George Osborne announced last Wednesday (October 22nd) the current 28 per cent corporation tax will be reduced by four annual cuts of one percentage point, eventually bringing it down to 24 per cent.

Other levy alterations include that for small businesses, which will also benefit from lower charges in a bid to stimulate economic recovery. ADNFCR-2318-ID-800160630-ADNFCR