Should the U.K. raise or lower the tax rate for corporations?
On 23 September 2022, the government announced that the increase in the Corporation Tax main rate to 25% and the introduction of a small profits rate of tax from 1 April 2023. The U.S. currently taxes corporations at 21%, France at 26.5% and Germany at 15%.
@9LG823B1wk1W
Increase slightly for large multinational corporations but keep the same for small businesses, and close all tax loops
@9L3KXLV4wks4W
Increase for large multination corporations, lower for small businesses, tax shareholder dividends, and eliminate loop holes
@93T3S46Conservative2yrs2Y
We need to do something to prevent the power of monopolies and the loopholes they go through to avoid scrutiny by setting up smaller but connected companies who force down prices to remove SMEs from the market and then have price control once the market is cornered with no/minim competition. Amazon is a good idea but it has too much power & has contributed to the destruction the high street. Also, why is a US company used to host government websites such as Companies House?
@93RKN7H2yrs2Y
Lower for small businesses but maintain for large.
@NorsemanPatriot2yrs2Y
Keep current rates but eliminate deductions and loop holes but Increase for large multinational corporations but lower for small businesses
@sonica2yrs2Y
Raise, and also start taxing shareholder dividends
@jexflies2yrs2Y
Increase but eliminate loopholes and deductions
@92GQ4D72yrs2Y
Raise them for the rich and lower them for the poor
@92GGL8R2yrs2Y
Corporations should be abolished and production brought to common ownership.
@929ZX6R2yrs2Y
Increase tax on companies which do not follow ethical human rights and environmental policies
@926KNJ32yrs2Y
All depends on the company and what industry
@926CJK2Conservative2yrs2Y
Corporations should be taxed on EBITDA, not Net Profit and should be paid where it is earnt not where the HQ is
@925QVF82yrs2Y
Yes for companies that are committed to reducing climate change
@scumfucker12Green2yrs2Y
Raise it like the guillotine their heads will be under.
@8ZWYZZT2yrs2Y
Base corp rate on both size and lowest paid staff (higher paid staff inc. supply chain = lower corp tax)
@8ZWHY6B2yrs2Y
Eliminate private corporations
@8ZSXLZF2yrs2Y
Investors into the economy pay lower tax rates if they provide jobs
Maintain the proposed rate of 25%
@8YYPSZ62yrs2Y
Eliminate income tax, disallow all deductions, increase the sales tax.
@8YVLB362yrs2Y
Replace Corporation Tax and VAT with one combined tax called purchase tax and keep them low with higher for certain products.
@8YR6XTW2yrs2Y
The UK should have a planned economy.
@8YR5BQYConservative2yrs2Y
Raise taxes for corporations that do really good, but then lower taxes for corporations that are not doing really good as part of supporting their taxes
@8YR4GDQ2yrs2Y
Unified global response
@8YQN47X2yrs2Y
Reduce tax rates for businesses who invest over a certain amount or employ so many amount of people
@8YP83G52yrs2Y
The same but more goes to the NHS and emergency services
@8YNS6HN2yrs2Y
Don't fully understand this
@8YN6D4LLiberal Democrat2yrs2Y
Global agreement needs to be reached on levels of corporation tax
@8YGGHN72yrs2Y
Raise, but only slightly. Close tax loop holes and provide incentives to have worker representation on company boards:
@8XX66FJ2yrs2Y
Raise - But Only Slightly
@8WHN4NCLiberal Democrat3yrs3Y
Raise, but increase generosity of investment allowances
@8WDG6XN3yrs3Y
depends on the business
@8VYLJHRConservative3yrs3Y
Assessment on mulitnational and large corporations and determine a taxing structure based on either turnover or profits or both as required. Tax incentives should exist to encourage High street presence .
National debates will be held on the issue. The public will be asked via Liquid Democracy a series of questions on raising taxes on corporations and small businesses.
@8VD8XR53yrs3Y
Increase drastically for all corporations while lowering the tax rate for the working class
@8TVJKYC3yrs3Y
Lower, but socialise all workplaces.
@8TVB3D33yrs3Y
Eliminate deductions and loopholes, raise for large corporations.
@8TKSVHR3yrs3Y
Some increase but also eliminate deductions and loopholes.
@8TDJ4VR3yrs3Y
Increase for large multinational corporations but lower for small businesses and close loopholes and eliminate deductions
@8T3M7723yrs3Y
Lower and eventually abolished.
@8SST2LY3yrs3Y
we should be gettign the best companeis to want to set up shop in UK
It depends how much they make
@8SQP6V53yrs3Y
Keep rates but eliminate loop holes
@8SPF7673yrs3Y
Increase for large multinationals and eliminate loop holes but lower taxes for small businesses
@8SMXG283yrs3Y
Depends on company revenue
@8SMN8D6Conservative3yrs3Y
Tax should be at point of spending not point of earning. Corporations then pay tax on any and all outgoings, including wages, dividends, purchases, etc.
@8SMHKKK3yrs3Y
Only raise it for large corporations with profits over a certain threshold, as this otherwise effects small businesses like my social enterprise/community interest company
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