Corporation tax is a comparatively tiny part of the Exchequer tax take and needs to be balanced with broader principles - i.e. keeping the CT rate low encourages foreign business to locate / have operations here thereby creating increased payroll taxes which (along with VAT and council taxes (rates)) are the largest contributors to the Exchequer...
Yeah, that's why I said Starmer needs to balance CT along with investment into the UK The actual tax loopholes that the wealthy use to hide and swerve their tax liabilities is something that he should 100% go after though, as there's almost as much money lost there each year as we spend on the NHS. We could literally build new hospitals, staff them and eradicate the waiting lists with that money.
No mate - the biggest tax dodgers are the very rich who can afford the top accounting firms to help them structure their affairs legally (if not morally) to minimise the tax they pay in comparison to the vast sums of money they receive... the changes to nom-dom rules are 50 years too late ...
Laugh all you want - but I've seen it first hand ... Woodlands into pension schemes, film industry tax incentives, residence vs domicile, double-dip interest deductions using US tick the box entities ... people like David Cameron having amnesia over the family Swiss Bank accounts he'd personally been receiving monies from for decades are nothing compared to the bigger picture...
Not sure why anybody would find such blatant tax avoidance (not evasion) by the rich amusing - but if you ever need any of it explaining, drop me a PM
Exit poll saying that the far right National Rally have been booted down to third place in French polls https://news.sky.com/story/france-e...round-vote-sees-huge-rise-in-turnout-13173764
That's cos they have alternative vote and have organised a "anti-far right" protest movement amongst all the parties to prevent them.
Yup, that's exactly what they've done and it's worked, they come together to stop a far right movement from winning.
