Corporation and windfall taxes simply add to the further list of convoluted taxes that the UK has all designed to make it easy to dodge paying anything imo.
Like I've said about scrapping NI and employers NI, these things are just a mess and ultimately pointless, as well is dividends, purely for people to pay less tax. Slam it all together in a single income tax and let that be the end of it. Any income whatsoever is just hit with the standard rate of tax across the board. It works in so many countries.
Have a standard rate of corporation tax, but remove all their beneficial exemptions that right now help them avoid paying anything. I'd even add a carrot and allow British based corps pay less tax than foreign corps to give homegrown ones a head up against foreign competition.
Investment into the UK is actually quite **** to be honest, it's not what people expect at all and we need to find ways to encourage as much in as we can at the same time as making the entire tax system fairer.
Like, if you talk about a wealth tax. Yes, increasing it by just 2% would generate like £25b, but long term that really changes nothing and it doesn't encourage growth at all, most of that £25b will be devoured by Britains debt interest and we won't see a growing economy but a continuation of our stagnant economy.
On income tax, like I said yesterday, how betting earnings are not taxed as income is beyond belief tbh, no wonder the Bet365 owner is a multi billionaire.
