Chancellor George Osborne will devolve corporation tax powers to Northern Ireland if our politicians can show they are able to manage the financial implications of such responsibility. He seems to be measuring their preparedness by the outcome of the current talks process, though it’s not clear just how much progress he needs to see before his decision. Nonetheless, signals coming from DUP and Sinn Féin indicate a deal is in the making, meaning the long sought after powers could be with us very soon. The question will soon change to whether we want to use such powers.
Read more at: http://sluggerotoole.com/2014/12/07/can-northern-ireland-afford-to-gamble-on-corporation-tax/