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<p>We concluded the last fundamental review of business rates at Budget 2016. There
was no consensus on an alternative tax base from stakeholders. Following the review
we have announced wide-ranging reforms and cuts worth over £10bn by 2023 to make the
system fairer and reduce the burden of rates on businesses. We are working to deliver
these reforms, including more frequent revaluations from 2021.</p><p> </p><p>The government
is also taking action on the wider taxation of the digital economy, including working
to ensure international corporate tax rules deliver fair results across different
businesses. It is right that we make further progress on this issue before considering
the implications for the wider tax system, including business rates, so that all businesses
make a fair contribution to the public finances, and business rates continue to support
the stability of local government funding.</p><p> </p>
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