Cutting the headline rate of corporation tax has led to stronger economic growth and higher profitability for companies across the UK, with corporation tax receipts increasing by 28% since 2011/12, according to the Centre for Policy Studies (CPS). Research published by the CPS suggests that the Labour party’s pledge to reverse the government’s planned 17% corporation tax rate in 2020 and increase it to 21.5% would raise, at most, between £3.7 and £5 billion in the long term, falling short of Labour’s aim of funding £15 billion in spending.
The research paper, ‘The case for corporation tax cuts’, is published by the Centre for Policy Studies at http://bit.ly/2mzrcZj.
Cutting the headline rate of corporation tax has led to stronger economic growth and higher profitability for companies across the UK, with corporation tax receipts increasing by 28% since 2011/12, according to the Centre for Policy Studies (CPS). Research published by the CPS suggests that the Labour party’s pledge to reverse the government’s planned 17% corporation tax rate in 2020 and increase it to 21.5% would raise, at most, between £3.7 and £5 billion in the long term, falling short of Labour’s aim of funding £15 billion in spending.
The research paper, ‘The case for corporation tax cuts’, is published by the Centre for Policy Studies at http://bit.ly/2mzrcZj.
