The Corporation Tax (Northern Ireland) Bill
Economic prosperity or adversity?
Tax blogger Richard Murphy gave it an excoriating slap down. He has some points. The Bill excludes some categories of business from claiming the new tax rate, including those lending and making investments. Any ‘back office activity’ is excluded. Similar caveats exist.
The concerns are valid. Equally valid are the more propitious projections. I for one at first blush, am for it. Confusion is not an ignoble condition as I say tous les jours, and I declare no expertise, but I want the chance to control local and indigenous talent and potential.
If that means risk, let it be. The gruelling challenge prepares the ordinary for the extraordinary. I would rather brave the storms of life than stay locked ashore.
And here’s the coming calendar that lies before Royal Assent; and the bold marks those stages completed:
Committee stage: House of Commons 5 February, 2015
Report stage: House of Commons 4 March, 2015
3rd reading: House of Commons, 4 March 2015
Read more here.