In a recent meeting with members of parliament, the UK's new Chancellor of the Exchequer Philip Hammond responded to a number issues, including those related to business taxation. Some of the main comments regarding the government's position/action on taxation are summarized as follows: The government is committed to ensuring that the UK has a competitive corporate tax system that encourages innovation and business investment, including a reduction in the corporation tax rate to 17% (no mention of predecessors position that a reduction to 15% was needed following Brexit); The government is reducing the business rates burden by GBP 6.7 billion;...