plc, this part will explain it from two aspects. On one hand, as one of the largest building materials retailers in the UK, the tax policy is important for the company. The prices of the building materials are sensitive to tax policy which can affect the sales and revenues of the company (Georgeanne & Kenneth, 2012). However, on 4 January 2011, the rate of value added tax (VAT) increased from 17.5% to 20% (UK government, 2012), which will have adverse influences on the Travis Perkins plc. On the other…
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