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Global tax rates a 'race to the bottom', says Taxand

Global tax rates a 'race to the bottom', says Taxand
Global
20 Jun 2014

First published in GT News, 20 June 2014

Spain’s announcement earlier this month that it plans to reduce its corporate rate from 30% to 25%, under a wider reform of the country’s tax regime to increase the appeal to investors, is the latest in a clear scramble across the globe to ensure that economies remain attractive to multinational companies (MNCs) and inward investment, says Taxand.

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