volume 29, issue 1, P142-164 2013
DOI: 10.1093/oxrep/grt010
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Abstract: This paper reviews and evaluates corporate tax policy under the 1997-2010 Labour government. During this period the government implemented a classical rate-cut-cum-base-broadening tax policy for large companies. Tax policy for small and medium-sized enterprises (SMEs) is more difficult to characterize: in the first two terms, rates were cut more frequently than for large businesses and the base was narrowed, but in the government's third term, statutory rates for SMEs were increased. Extensive reforms of divid…

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