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September 12, 2022

Where can the UK cut tax and keep net zero commitments?

Liz Truss has announced a series of energy plans, but the details of them are yet to be revealed. Image source: Getty
Liz Truss has announced a series of energy plans, but the details of them are yet to be revealed. Image source: Getty

The newly appointed UK prime minister, Liz Truss, has pledged to cut corporate taxes while businesses and independent organisations discuss options.

The arrival of a new UK government in favour of lower tax rates has relaunched the debate on how to best adjust tax policies while keeping in mind net zero commitments. Cutting taxes for net zero companies, a so-called ‘carbon tax’ for higher emitters and taxing emissions directly are all policies currently debated by market participants, with the government yet to provide precise details on its fiscal strategy.

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