UK-based trade organization TIGA issued a statement this morning about the government's announcements on corporate tax reform, and its plan to introduce a "Patent Box." The UK government announced that it will introduce a Patent Box in April 2013 – a 10 percent CT rate on profits from patents. The UK government also announced a "Corporation Tax Road Map" and timetable to deliver a reduction in corporate tax for large and small businesses. The plan calls for a reduction in the rate from 28 to 24 percent over the next 4 years and a reduction in the small profits rate from 21 to 20 percent from April 2011. [URL=http://www.gamepolitics.com/2010/11/30/tiga-applauds-uk-government-corporate-tax-reduction-wants-more][B][COLOR=#8e0505]Read More[/COLOR][/B][/URL]

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