A report issued by Law2023, looking ahead eight years, suggests that businesses will increasingly be making decisions about which jurisdictions around the world would be best for them to operate in. One of the participants in the research behind the report, Timothy B Corcoran of Corcoran Consulting, says: 'Just as businesses today adopt structures to address taxation concerns, they will face similar choices based on various jurisdictions’ approaches to environmental, trade, labor, IP protection, and other practices.'
Tax competition
Tax, for instance, is very much viewed as a competitive marketplace by national governments. The UK announced plans this week to reduce its corporation tax rate from 20 to 18 per cent, as part of a move to attract foreign business. Source: JD Supra
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