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Call for corporation tax to join income tax as ‘workhorse’ of fiscal devolution

The sharing of corporation tax, alongside income tax, with local government should be prioritised as the government sets out its next steps towards fiscal devolution, a leading think tank has said.

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Income tax was specifically mentioned by chancellor Rachel Reeves in her Mais lecture earlier this year as a leading contender for the fiscal devolution

A new tier of “advanced” mayoral authorities should be granted full fiscal governance and enhanced borrowing powers as part of moves to bolster devolution across England, according to a new paper.

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