Tax Uncertainty Follows a Hung Parliament

James Ross said that, after the UK general election, a corporation tax cut to 17% “must be in doubt” because “the election result will inevitably create uncertainty about the direction of corporate tax policy. However, it probably also increases the likelihood of a ‘soft’ Brexit, so groups worried about losing the benefit of EU Directives‎ to minimise withholding tax on intra-group interest, dividend and royalty payments may want to hold fire before unwinding their UK holding company structures.”