FT's discussion of possible futures for UK #taxes has now moved to #corporationtax.

Their preferred position is to retain the 'full expensing' for #investment (all costs of investment can be deducted from #tax), while removing allowances for interest payments on #debt.

The hope is this will shift firms' attention from loans to internally funded investment to help deal with the UK's #productivity problem.

It also plays to the FT's overall position on tax simplification!

Might make sense?