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Bank surcharge tax cut but not enough to offset other tax increases
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fnlondon.comChancellor Rishi Sunak cut the surcharge tax on bank profits from 8% to 3%.
However, the move outlined in the Budget on 27 October will still mean that banks will pay a higher rate of tax than other sectors, the chancellor says, with the overall burden on banks also increasing due to the impending increase in corporation tax.
The cut in he...
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