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    Didn't I see something recently about HMG considering taxation based on revenue, not profit? Targeted at those companies which offshore but raise revenue in this country but you can see it hitting UK based companies too once they realise how much could be fleeced. A retrograde step, I think.

    The problem with no CT is that the funds need to be raised from somewhere. So, the question really ought to be: "if CT were to be abolished, what would you replace it with?" HMG still needs to bring money in. I don't know the answer to that but I do wholeheartedly believe a root and branch overahaul of the entire tax system (including all the little duties and other stealth taxes) needs to happen.
    Last edited by ladymuck; 13th September 2017 at 06:51.
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