George promises to cut Corp. Tax rates.

[TheFaQQer]

It is long understood that lowering tax rates actually increases revenue because it stimulates economic activity. This is a fact of economics and would be an excellent way to help the economy recover IMO.

So, are you advocating a 0% tax rate on all taxes, because that would be good for the economy?

[TheFaQQer]

It may not balance the books on the surface, but it will allow business to be more Enterprising. I'm going to guess that the Conservatives are going to tax enterprises via other means, such as higher NI and / or Income Tax or even introduce Business Rates for those who currently don't pay it.

Pure speculation though.

Higher VAT rate. Cut the tax on the rich, and then tax those that can least afford it. Sensible policies for a happier Britain.

[malvolio]

Not that stupid an idea. That would encourage the people that generate wealth.

Seriously, VAT will go up, or personal income tax will go up, probably not both. ANd the advantage of upping VAT is that VAT is mostly a tax on discretionary purchases anyway, which makes it the better option.

[AtW]

Corp Tax is way too high - there is Ireland next door with English speaking population, nearly same location and Corp Tax there is 12.5%. That's why Google (UK) appears to channel profits through their subsidiary there and pays pitiful corp tax figure in the UK.

IMHO Corp Tax should not be more than 20% for large companies and 15% for small. When profits are depressed it is pointless to increase Corp Tax anyway.

Cons will win and they'd do a good thing with this move.

[TheFaQQer]

IMHO

[AtW]

Don't be G. Osborne

[contractor79]

The way things are going, he might as well promise a cherry on top as well, because it ain't gonna happen...

agreed, Tories won't get in

[pmeswani]

Higher VAT rate. Cut the tax on the rich, and then tax those that can least afford it. Sensible policies for a happier Britain.

Higher VAT, sadly, is going to happen regardless of which Government comes in. That is thanks to the stupidity of the current administration.

As a country, we are screwed to the mountains when it comes to taxes.

[Fred Bloggs]

So, are you advocating a 0% tax rate on all taxes, because that would be good for the economy?

I would shift all taxes away from income/investment returns and onto consumption. The more you spend, the more tax you'd pay, simples.