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%.
Statistics are shown for this demographic
Parish
Response rates from 213k UK voters.
59% Raise |
20% Lower |
49% Raise |
16% Lower |
10% Keep current rates but eliminate deductions and loop holes |
4% Lower, but eliminate deductions and loop holes |
1% Remove taxes on corporations and tax shareholder dividends instead |
Trend of support over time for each answer from 213k UK voters.
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Trend of how important this issue is for 213k UK voters.
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Unique answers from UK voters whose views went beyond the provided options.
@B2HB7NJ1mo1MO
Low tax but no loopholes, remove deductions and ensure all earnings in the uK are taxed, not allowed to be sent elsewhere
@B2DZQVW1mo1MO
Highly profitable old corporations should raise their tax rate, whereas early stage startups & less profitable companies should have their tax lowered
@9WQKFWK4mos4MO
Provide lower tax rate for small businesses but offer lower taxes for corporations that reduce their profit margins and make goods more affordable.
@9W9QX3V4mos4MO
Raise foe large multinational corporations and elliminate tax deduction loop holes for all, but lower for small businesses.
@9QNG6JR8mos8MO
lower tax on big ethical corporations but not companies like McDonalds or non renewable companies that negatively impact society
@9PDXN5P8mos8MO
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.
@9P6LYBD8mos8MO
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.
@9N86YSY9mos9MO
Maintain in line with comparable countries and allow for targeting windfall or other special taxes, such as those where an industry has substantial externalities.
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