Rash ACT

Gray, Malcolm
July 1997
Public Finance;07/11/97, p22
Trade Publication
States that the abolition of advanced corporation tax (ACT) credits to pension funds in the budget developed by British Labour's Gordon Brown may turn out to be a short-term solution that creates long-term problems. Effects of the ACT abolition on pension funds; Claim by Gordon that the abolition will encourage the retention of earnings and the promotion of research and investment. INSET: Pension notes..


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