British Prime Minister Theresa May has vowed that her country would offer the lowest rate of corporate tax among the Group of 20 major economies after it leaves the European Union.
May, speaking Wednesday in an economic forum in New York on the sidelines of the annual UN General assembly., said that businesses should “look forward to the post-Brexit world with confidence”.
The British premier is in the midst of some tough negotiations with the EU on reaching a deal that could guarantee a smooth withdrawal of Britain from the EU in March next year.
In a bid to avoid mass departures of multi-national businesses and industries from Britain, May’s government has offered them incentives, including lower tax rates.
“Whatever your business, investing in post-Brexit Britain will give you the lowest rate of corporation tax in the G20,” she said, adding, “A post-Brexit Britain will be an unequivocally pro-business Britain.”