George Osborne Plans to Attract Foreign Investors by Reducing Corporate Tax From 20% 15%.

The Impact of Brexit is already visible on the British economy. Mr. George Osborne, The British Chancellor, is also feeling the same. The British property market is reeling under the wave of the Brexit impact. Most of the foreign investors have already pulled themselves out of their buy-to-let property investment deals in UK, says The buy2let Shop experts. In his desperate attempt to revitalize the suffering British business market and economy, he is planning to slash corporate taxes to less than 15 percent. This move is expected to take the economy of the European Union to the bottom because this huge rebate on tax will surely take Britain very close (12.5%) to the corporation tax in Ireland. This is in the best interest of the foreign investors who are thinking twice before investing in the British Property Investment opportunities. However, he did not deny the possibility of a downfall in buy-to-let investmentproperties for sale. This can easily lead the country towards disastrous economic recession. The head of the tax at the organization for economic corporation and development has openly warned the government that foreign investors will see the country as a tax haven economy for saving money.