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Grow NI disputes UK treasury estimate of corporation tax cut cost

Grow NI disputes UK treasury estimate of corporation tax cut cost

LONDON: The cost of introducing a lower rate of corporation tax could be dramatically less than previously projected.

The British treasury estimates it would cost the Northern Ireland Executive about £325 million (€440 million) to cut the corporation tax rate in the North.

But Grow NI, the business umbrella group which has spearheaded the lower corporation tax rates campaign, says its latest research – based on current UK statistics – shows the figure would be closer to £192 million.