France's Macron: Corporate tax should not be first priority for UK

July 4, 2016 12:28 PM

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PARIS, July 4 France's Economy Minister Emmanuel Macron said on Monday that taking action on corporate tax should not be the priority for the British government as it comes to terms with a referendum vote to leave the European Union.

Britain announced plans earlier on Monday to cut corporation tax to less than 15 percent in an attempt to cushion the shock of the country's decision to leave the European Union, raising the prospect of competitive tax cuts across the bloc.

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