Corporation tax receipts are up 50% in seven years after rate cuts by David Cameron's government that Labour wants to scrap



Corporation tax receipts have actually soared by more than 50 per cent since the levy was slashed by the Tories, new figures revealed yesterday.
The main rate of corporation tax was 28 per cent when David Cameron became Prime Minister in 2010 but it has since been cut to 19 per cent.
But the cuts have coincided with a surge in receipts as corporate profits increased in the recovery from the financial crisis and recession.
Experts also believe a crackdown on tax avoidance by big companies has swelled Treasury coffers even as the tax rate was cut.
Labour has pledged to raise corporation tax... read more

 
21 November 2017 in Business, Views: 57
Source: Daily Mail
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