Plus it helps small businesses expand and employ people rather than struggling to pay 28% of their profits in tax. I think people forget that if you only make a small profit then 20% is a lot to pay. We aren't all huge corporations with very big balance sheets and sitting on cash
Labour are plain wrong about corporation tax. We have cut it and it has resulted in MORE tax raised to spend on children’s services. While reducing corporation tax from 28% to 19%, the amount collected has increased from £37billion to £50 billion (09/10 to 2016/17) #financebill
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Spot on. Lower corporation tax helps small businesses expand and create jobs for more people- it’s a win /win.
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High taxes incentivise avoidance. Either by using rules or by causing people and companies to say, why bother! Eg me. Pensioner, 40% tax. If I work now, 40%tax +10% ni. So no working, less spending, less work for others.
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But a job for someone else maybe...
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That doesn't matter to Labour. It sounds better to there supporters to say they will raise it. Forgetting to mention this will reduce the tax take.
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If you don’t cut business tax at the same time you ask them to pay more and shoulder more pension responsibilities they go somewhere else and we go back to the 70s
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Typical Tory attitudes, cut taxes ,give more to the wealthy and it benefits society,how about we tax to fair levels and enforce compliance, how about we have a society that works for all not special protections for Tory donors
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And they say Labour can’t add up??!!
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I have to say that I thought Peter Dowd's closing sentence was exactly the example of language that MPs should NOT be using as discussed in the preceding debate!
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Time for another cut
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