Brexit May want to significantly lower taxes for businesses – Süddeutsche.de

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• Britain’s Prime Minister May want to mitigate the potential consequences of Brexit for the economy in the country.
• brings you research subsidies and massive tax breaks for company.
• the Federal Finance Minister Schäuble is responding irritably to the plans and not with European law to be compatible.

The British Prime Minister, Theresa May wants to relieve in the face of Brexit-related economic uncertainty, the company on the island for tax purposes. The aim was to reduce the corporate tax to the lowest level in the leading industrial countries (G20), said at the annual meeting of the British Confederation of Industrialists (CBI) on Monday. May May wool press, the corporate income tax to below 15 percent, had been reported in the newspaper Telegraph previously. At the moment it is in the UK at 20 per cent, in Germany it is almost 30 percent.

At the same time, May announced state aid in the amount of two billion pounds (2.3 billion euros) for research and development. They proposed a “new industrial strategy” – acknowledged but also that the exit from the EU would be a “challenge” for the economy. The aim of the programme is to promote the Strengths of the British economy, such as research and development, and to fight at the same time, the weaknesses, wrote May in a also on Monday published a guest post for the Financial Times. The especially low productivity, as well as the regional imbalance in the country in favour of London and the southwest.

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Schäuble: “Decent people” to make something

German Finance Minister Wolfgang Schäuble (CDU) keeps nothing from the advance of the British Prime Minister. Yet the UK is a member of the European Union, and thus to corresponding European law-bound, he said at an event in Berlin. And the UK should not participate in the EU, be it the agreements of the G20 group of leading developed and emerging countries – a “anyway, if they are decent people”.

At the G20 summit in Antalya had not been agreed to make something exactly like this, said Schäuble. However, the future US President Donald Trump in the election campaign, had made a reduction in the tax rate for companies is 15 percent.

In London are already the first concrete Negative consequences of Brexit significantly: On Wednesday, Finance Minister Philip Hammond will present the first state budget since the EU-vote in June. According to the FT, the government is heading for a Budget deficit of 100 billion pounds over the next five years. Reason for lower tax revenues and a weaker economic growth as a result of a Brexit vote. May promised in your guest post to reduce the deficit and bring the national debt down to deliver but without Details.

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