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%.
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@9WQKFWK2mos2MO
Provide lower tax rate for small businesses but offer lower taxes for corporations that reduce their profit margins and make goods more affordable.
@9W9QX3V2mos2MO
Raise foe large multinational corporations and elliminate tax deduction loop holes for all, but lower for small businesses.
@9QNG6JR5mos5MO
lower tax on big ethical corporations but not companies like McDonalds or non renewable companies that negatively impact society
@9PMMP3C6mos6MO
Raise, but relative to profit. More brackets are required like in the past where we had 90%. It encourages investment.
@9PFZYV96mos6MO
Keep the same, but eliminate deductions and loop holes as well as prosecuting repeated large corporations not paying their corporation tax
@9PDXN5P6mos6MO
Lower for smaller businesses. Maintain current rates or lower if possible to attract business to the UK. Remove loop holes when possible and simplify the process for clarity.
@9P6LYBDConservative6mos6MO
Any entity, whether company or person, should pay tax on any money earned from this country. For companies, deductions are allowed, but only if the money is being spent to improve infrastructure of the country AND the money is not spend abroad.
@9N86YSY7mos7MO
Maintain in line with comparable countries and allow for targeting windfall or other special taxes, such as those where an industry has substantial externalities.
@9N3YPX8Conservative7mos7MO
Lower for SMEs, remove loopholes. Allow multinational corporations to receive a reduction if they invest in improving UK infrastructure
@9N29G4B7mos7MO
Abolish the small business rate (19%) and marginal relief, maintain corporation tax at 25% and introduce wider full expensing on investments
@9MYQSLZ7mos7MO
No but There should be tax incentives to lower tax for businesses working to lower their carbon footprint and improve their ethical practices. There should be more focus on eliminating loopholes.
@9MXW3LW 7mos7MO
Increase it considerably for any company that is still using plastic packaging or is a heavy polluter such as fossil fuel energy companies.
@9MV4FB57mos7MO
It should be flexible per industry to attract and deter the best mix of corporations that benefit the country.
@9MRPWCJ7mos7MO
Remove loop holds, hold accountability and fine unfair practices but LOWER corporative tax to make business and entrepreneurship more viable and competitive IF they meet certain social and environmental criteria with their workers and services
@9JNDWFH10mos10MO
Increase when inflation is higher than the government wants it to be, cut taxes if there is an economic recession
@9JHYPPS11mos11MO
Lower, eliminate taxes for start-ups, and give tax breaks for corporations to maintain/expand strategic industries, but simplify the tax code and reduce other loopholes.
@9F96GH9 1yr1Y
Raise, but only for high-earning corporations
@9F4FDP71yr1Y
Depends on field of study
@9DKQS9H1yr1Y
The rate is the wrong question. Remove international taxation loopholes and close down the tax haven status of all British protectorates
It needs to have better regulation across the board, but small businesses should be given a chance to survive.
Increase for larger corporations but lower for small businesses, and also eradicate loop holes.
They should close tax loopholes and make them pay their fair share. If they are genuinely investing in true green initiatives or in the development of critical skillls in UK workers they should be able to offset this.
Increase for large multinational and large national corporations, lower for small businesses, and close and eliminate loopholes
@9MQVRP37mos7MO
SME's should have much lower taxes as Self Assessment liabilities on top of Corporation tax / income tax is very damaging for individuals with a Ltd company, Partnership or Sole Traders
@9M346Q48mos8MO
Flat rate of tax across everything with no loopholes and variablity, at a fixed % for everyone and everything
@9M2FWSY8mos8MO
Ensure all organisations in the are taxed but at a fair rate. For example Starbucks paying no tax over here because they have office in Ireland
@9LXGLC38mos8MO
Raise for multinational corporations/large corporations, lower EPL and lower on businesses making less than £30k p.a.
@9LR57F98mos8MO
Big corporations who avoid it via Dublin etc they should be forced to pay and small business or freelancers should be under 10%
@9LG823B8mos8MO
Increase slightly for large multinational corporations but keep the same for small businesses, and close all tax loops
@9L3KXLV9mos9MO
Increase for large multination corporations, lower for small businesses, tax shareholder dividends, and eliminate loop holes
@9FJTRQQ1yr1Y
Lower but eliminate deductions and loopholes for large multinational corporations and provide tax breaks for small, local business startups in their first year of operation.
@9NJG5JWConservative6mos6MO
This is debatable. If you increase the tax then stingy finance companies may reduce pay increases etc to the employees.
@9ND6BYV7mos7MO
Tax rates should be rationalised and, if viable, be the same. Certainly capital gains tax, wealth tax, land tax etc
Increase for businesses earning over a certain threshold, and eliminate deductions and loopholes whilst also taxing shareholder dividends more.
@9PWZQWZ6mos6MO
Keep the same rates, tax dividends, limit share buybacks, force companies to invest in R&S, eliminate certain deductions and loopholes
@99M4MJS2yrs2Y
Abolish all tax everywhere in perpetuity.
@95SQ7ZS2yrs2Y
Abolish it and break all corporations into privately owned guilds
@95NMVQ32yrs2Y
Increase for large multinational corporations but lower for small business and eliminate tax loopholes
@95BJZMM2yrs2Y
Maintain the current rate, but raise taxes on energy, water, healthcare and other vital services
Increase taxes on corporation and tax shareholder dividends
Increase for large multinational corporations but maintain the current rate for small buisnesses
Remove all loop holes in the law that allow corporations avoid paying there tax must be removed and a custodial sentence as well as very hefty fine as a deterrent to others who try and do same. Name and shame.
Keep the currents rate for multinational corporations but lower for small businesses and eliminate deductions and loop holes.
And bring more corporations under public ownership.
@8S4Q3MN4yrs4Y
increase, and eliminate loopholes and deductions
@8S4BRBV4yrs4Y
Taxes is what causes underpayment of employees, and businesses avoid taxes to expand their services, so taxes should be eliminated either way
@8S44KX24yrs4Y
Taxes harm corporations and their employees
@8S2H25Q4yrs4Y
Keep same, remove loop holes from large corporations and introduce dedications based on environmental, societal and ethical parameters
@8RZXP3Y4yrs4Y
Keep taxes on corporations, but also tax shareholder dividends
@8RVXRBH4yrs4Y
Increase slightly, while eliminating loop holes
@8RVJ8SV4yrs4Y
Maintain at current levels for multinational corporations while eliminating all deductions and loopholes, but lower basic rate for local businesses with fewer than 20 employees.
@8RSY97MLiberal Democrat4yrs4Y
Maintain at 20% and increase dividend tax
Tax legislation should be rewritten and simplified before rates are considered.
@8PH2MZH4yrs4Y
Increase for large corporations, decrease for smaller businesses and eliminate loopholes
Have a fixed rate tax. Leaving open loopholes costs more to exploit than paying the tax. Just have a fixed rate.
@8KJS9694yrs4Y
I would put it up from 19% to 20%. However, I would reduce the rate to 14% if your company’s taxable profit over a calendar year is less than or equal to it’s average taxable profit over the previous 3 calendar years.
@8JSPHMC4yrs4Y
Abolish, along with the sales tax. As, in both cases, it hurts consumer spending by raising prices.
@8JMQSMB4yrs4Y
Raise, including shareholder dividends.
Raise MASSIVELY and sanction them for exploiting the working class.
@8C5524L4yrs4Y
Simplify and enforce taxation to recuce tax avoidance
@99C8FJ22yrs2Y
Decreasing and small big business which am given an government ok with races and other afford trust
@9996KRC2yrs2Y
Abolish corporation tax altogether.
@998DDFL2yrs2Y
no taxes for small businesses, lower taxes on corporation and higher dividend tax
@996GNG62yrs2Y
Abolish corporation tax and increase VAT
@rosball220501Labour2yrs2Y
Raise and remove loop holes. Corporations profit unfairly from society, so they must finally pay back their fair share. They can certainly afford it, even if they claim it will harm them.
@8YQF8833yrs3Y
Abolish tax on profits and replace with tax on revenue or sales in the UK with a gradulated scale that favours smaller businesses.
@8XDTDMQ3yrs3Y
Increase for large multinational corporations but lower for small businesses, and get rid of any loopholes.
Enforce the current rates, no cheats or tax dodging
@8SKPN654yrs4Y
Tax those companies which create large carbon footprints, and pollution.
Middle Ground, tax should be paid based on amount earned
@8S88LXR4yrs4Y
@8QQ7PDZ4yrs4Y
Raise for corporations, lower for small businesses and remove loopholes.
@8PXQ4RD4yrs4Y
@8MK4D5N4yrs4Y
Raise, and seize assets of corporations using tax havens.
@8GFBPHL4yrs4Y
Abolish corporate tax and implement a consumption tax.
@98QMPP52yrs2Y
Raise the rates, but make deductions available if companies use profits to fund company growth such as raising staff wages.
@98QG4NG2yrs2Y
Lower taxes for middle class, lower taxes for rich eliminating scams. This is to provide more jobs for the lower class, and they should be paying their workers fairly and this should be examined.
@98K34DN2yrs2Y
Raise corporation tax as a means of achieving ner zero
@98HS2HCLiberal Democrat2yrs2Y
Raise, but create deductions for business investment
@98CPNG42yrs2Y
Maintain the tax rate but tax shareholder dividends whilst also eliminating deductions and loop holes
@9884R9GConservative2yrs2Y
Raise for essential services, such as supermarkets, energy, water and sanitary products. Necessities shouldn't be solely about profit as their demand will never cease to exist.
@984DQG92yrs2Y
Tax rate should stay the same
@97XBV5P2yrs2Y
Raise for large buisnesses but lower for small companies
@97K667M2yrs2Y
Remove corporation tax and merge it with VAT to produce purchase tax and vary it for different products.
@974V27WConservative2yrs2Y
Lower, the economy counts on businesses to create jobs and supply products
@973T5R82yrs2Y
Raise while also eliminating deductions and loop holes
@96R9KV82yrs2Y
Increase for large multinational corporations but lower for small businesses that are not part of an umbrella organisation.
@96NW5T72yrs2Y
Eliminate deductions and loopholes AND increase for large multinationals and lower for small businesses
@96J73XL2yrs2Y
Increase for large corps, lower for Small businesses, eliminate loopholes.
@96DCNMV2yrs2Y
Maintain current rates Eliminate deductions and loopholes Tax shareholders dividends
@96BBM9N2yrs2Y
Lower taxes on corporations but lower the rate more for small businesses
@9473R362yrs2Y
Keep them the same but increase windfall taxes for the large energy and fuel corporations.
@942YTGP2yrs2Y
Keep the current rates and eliminate all loopholes.
@93XC5CV2yrs2Y
Keep the current rate but eliminate all existing loopholes
@93RKN7H2yrs2Y
Lower for small businesses but maintain for large.
@NorsemanPatriot3yrs3Y
Keep current rates but eliminate deductions and loop holes but Increase for large multinational corporations but lower for small businesses
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