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.
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Off Topic The Politics Thread
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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.
? He was sacked by his own MPs wasn’t he? Most of whom didn’t want Truss either.
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...
His position was made untenable by his own behaviour.
Oy keep your sticky fingers off the triple lock I worked 50 years to get my bloody pension
The grey vote ought to start to consider switching allegiance...
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.
