On 8 January 2015, the U.K. government published the Corporation Tax (Northern Ireland) Bill. The bill provides for the devolution of tax powers to the Northern Ireland Executive to set a different rate of corporation tax from the rest of the U.K. Power over the corporation tax base, including reliefs and allowances, will remain with the U.K . Parliament. Although the rate of corporation tax that will be applied has not yet been set, the current tax rate in Northern Ireland of 21% will be reduced to be more in line with the Republic of Ireland tax rate of 12.5%....