The New York Times: UK corporation tax take from banks slumps despite profit rebound – study

Despite rising global profitability, there has been a “dramatic” fall in UK corporation tax paid by British banks, says Cambridge Judge Business School study. The study “Why are banks paying so little UK corporation tax?” was conducted by Geoff Meeks, Professor of Financial Accounting at Cambridge Judge, and J. Gay Meeks, a Senior Research Associate at the University of Cambridge.

Read the full article [reuters.com]