But if the business is a corporation the taxrules are more complex.
FORBES: Selling Your Business? Taxes Are Key
2.
All the companies under fire over the amount of corporationtax paid said that they operated within the taxrules and regulations and have done nothing wrong.
BBC: Vince Cable attacks corporate 'tax abuse'
3.
But it rules out devolving corporationtax unless it is also devolved to Scotland and Northern Ireland, national insurance, capital gains tax, VAT and fuel duty.
BBC: Commission calls for Welsh government income tax powers