UK Prime Minister Liz Truss announced during a press conference on 14 October 2022 that she has "decided to keep the increase in corporation tax that was planned by the previous government." This follows the recently delivered plan by former Chancellor of the Exchequer, Kwasi Kwarteng, which included canceling the previously scheduled increase in the corporate tax rate from 19% to 25% from 1 April 2023. Kwasi Kwarteng has been replaced by Jeremy Hunt, who according to the following update o…