FAO Larrald re Corporation Tax........

You keep peddling this line about the low rate of UK Corporation Tax recently, but the most important consideration has to be the amount of money collected by a tax, not just the headline rate.

If you check the official figures, the Corporation Tax 'take' in monetary terms is higher now than it was in 2010, when the rate was several % higher.

Simple when you think about it; lower corporation tax attracts more companies to the UK, equals more jobs, equals more tax money collected (not just from corporation tax) equals more money for the government to spend.

It's why Corbyns higher income tax rates won't work; the folk at the top end can afford advisors and accountants etc to move their money around or avoid tax, whatever you want to call it and the actual money collected will fall.

Comrade Sturgeon already has the power to raise tax rates in Scotland, but has stubbornly refused to do it, ever wondered why?

Posted By: Kirrie, May 25, 16:20:14