The 8% surcharge on banks' UK profits comes in from the start of next year while by 2020-21 the overall level of corporation tax will be cut to 18%.
Following last week's pledge by the main Westminster parties to give the Scottish parliament full control over income tax rates, Osborne is expected to announce that Northern Ireland will be allowed to set its own level of corporation tax.
Indeed I've been trying for decades to get the power to set a level of corporation tax, and it was a Conservative administration that kept its word and went forward with that.
Google, Facebook and Amazon have all been criticised recently for the level of corporation tax they pay in the UK, but perhaps it was the US coffee giant Starbucks that attracted the most opprobrium when it was revealed in 2012 that the firm, at the time worth $40bn£24bnbn), reportedly paid just £8.6m in corporation tax in the UK over 14 years.
Two independent booksellers, whose petition urging Amazon to pay its "fair share" of tax in the UK has received more than 169,000 signatures, are calling on their MP to keep up the pressure on government to ensure companies such as Amazon pay what they say would be a fairer level of corporation tax in Britain.
Its suggestions also include offering a discount to businesses based on the level of corporation tax they pay.
Coming into effect from April 2013, the Patent Box is a reduced level of corporation tax on profits attributed to patents and similar types of intellectual property.
On the issue of giving Stormont the powers to set its own level of corporation tax he said he had some concerns about devolving such powers.
"Last year, 68 percent of our executive M.B.A. students were from the top levels of corporations — president, general managers, chairman of the boards," said Mr. Chen of Ceibs, adding that almost half came from private Chinese companies, with the rest divided between state-owned enterprises and joint ventures.
It involves innovative spy gear embedded deep in the supply chain, highly selective identity theft and new ways of gaining access at all levels of corporations and government.
