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%.
58% Raise |
20% Lower |
48% Raise |
16% Lower |
11% 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 |
See how support for each position on “Corporate Tax” has changed over time for 165k UK voters.
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See how importance of “Corporate Tax” has changed over time for 165k UK voters.
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Unique answers from UK users whose views extended beyond the provided choices.
@9LG823B6 days6D
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
@93T3S462yrs2Y
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
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