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%.
@9LXGLC33 days3D
Raise for multinational corporations/large corporations, lower EPL and lower on businesses making less than £30k p.a.
@9LR57F91wk1W
Big corporations who avoid it via Dublin etc they should be forced to pay and small business or freelancers should be under 10%
@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
@8SM6RFX3yrs3Y
Keep current rates or lower for small business, keep current rates on corporational , tax shareholder dividends, and eliminate deductions and loop hole
@8SM4PTC3yrs3Y
Current for large multinational corporations but lower for small businesses. And remove loop holes.
@8SLLC2Y3yrs3Y
Increase for large multinational corporations but lower for small businesses, and prevent private businesses qualifying as charities in order to evade tax. Also remove corporation taxes on NHS hospitals.
@8SKSLM53yrs3Y
Lower - you cannot tax a country into prosperity.
@8RPFQDW3yrs3Y
Increase for large multinational corporations but lower for small businesses as well as removeing all tax loopholes.
@8RMBCNN3yrs3Y
Raise taxes for large corporations, lower them for small businesses.
@8RFHMGL3yrs3Y
Lower the rate of tax for small businesses and remove all tax loopholes
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