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 322 RG2 9 voters.
59% Raise |
20% Lower |
52% Raise |
14% Lower |
7% Keep current rates but eliminate deductions and loop holes |
5% Lower, but eliminate deductions and loop holes |
0% Remove taxes on corporations and tax shareholder dividends instead |
Trend of support over time for each answer from 322 RG2 9 voters.
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Trend of how important this issue is for 322 RG2 9 voters.
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Unique answers from RG2 9 voters whose views went beyond the provided options.
@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.
@9P6LYBD6mos6MO
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.
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