Sir David Varney published his long-awaited review of tax policy in Northern Ireland this week. As most observers expected, Varney rejected the case for a corporation tax cut to match levels in the Republic.
What was more surprising
was that that was all he did. His original remit was to consider ‘how
current and future tax policy, including the tax changes announced in
the Budget 2007, can support the sustainable growth of businesses and
long-term investment in Northern Ireland.’
In the event, he concentrated almost exclusively on refuting the case for a corporation tax cut put forward by the Economic Research Institute of Northern Ireland
From my latest post over at OurKingdom.