Any overseas company with a UK branch or office must pay UK Corporation Tax on company profits arising in the UK. 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
Constituency
City
Postal District
Postal Sector
Response rates from 880 City of Westminster London voters.
60% Yes |
40% No |
54% Yes |
27% No |
6% Yes, and drastically increase taxes and import tariffs on outsourcing businesses |
7% No, the government should not interfere with the free market |
6% No, but drastically increase taxes and import tariffs on outsourcing businesses |
Trend of support over time for each answer from 880 City of Westminster London voters.
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Trend of how important this issue is for 880 City of Westminster London voters.
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Unique answers from City of Westminster London voters whose views went beyond the provided options.
@9QFDBPM5mos5MO
It should be analysed on a case by case basis whether the savings from it moving abroad outweigh the cost of the loss of jobs
@9PZYD6J6mos6MO
Ethical companies only - ie, those that pay fair wages, reduce their carbon footprint and treat staff fairly
@9P6NXPD6mos6MO
I think businesses should try and keep jobs within the coiuntries, but they shoul dbe allowed to expand as long as they are not exploiting poorer countries, by paying small wages to those locals. Companies which wish to expan abroad shoudl pay an equitable amount of money to the employees from those countries which will reflect a similar wage as in the UK
@9MS3YM37mos7MO
Yes, but only where the private company is creating highly skilled jobs that are highly beneficial to the UK.
@8YGGHN73yrs3Y
No, but drastically increase taxes and import tariffs on outsourcing businesses and provide incentives in another manner and for taking worker representation on company boards.
@93XC5CV2yrs2Y
The current setup is good enough
@9BRYVMN2yrs2Y
a lot of private companies avoid tax if they don't want to pay it.
@9B5H7GB2yrs2Y
Don’t understand the question
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