Summary
LOSS-MAKING banks may end up worse off under Government plans to cut corporation tax, according to analysts.
The drop in corporation tax, which is being cut by one percentage point a year for the next four years, will be a boon to the banks in the long run, but it could hit profits of those banks that have reported big losses or write-downs in recent years.See the full content of this document
Extract
Tax Blow for Lloyds and Rbs
Any company that makes a loss or provision in their accounts for bad debts,...
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