If I read the graph in that correctly our best return on corporation tax was when it was about 35%. Revenues were lower after further cuts.
Was that in a world where you could fairly easily shuffle corporate profits into another country with a lower corporation tax rate?
Not sure, given the behaviour of some of the IT giants I assume that world still exists. It seems to me that the corporation tax take is more influenced by profits than small changes to the rate. If the global economy is good then the tax take will be higher. U.K. already has one of the lowest rates of developed countries.
It's ironic that those lambasting the Tories for this 'rich man' s budget' are the same ones who hounded Boris out of office. Never has 'be careful what you wish for' been truer...
His position was made untenable by the media. The Tories just compounded it with their ludicrous leadership contest. Government is basically totally f*cked up now, we have a PM very few want and a real prospect if things carry on as they are that there will be civil unrest that will make the Poll Tax riots look like a vicar's tea party. What a sh*t show...
Surely this is the beginning of the end of Putin. Reports of queues at the borders to exit Russia of conscript age men that are kilometres long. Fingers crossed.
