From the party of business

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SueEllen replied

20 February 2021, 06:21
Originally posted by TwoWolves View Post

This is the same sh*t they pulled with married man's tax allowance/child benefit, the latter they then effectively pulled. I don't think any of the parties stand for anything anymore, except the answer to everything is more central government & more taxes to pay their cronies.

FTFY
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TwoWolves replied

20 February 2021, 01:36
Originally posted by AtW View Post

"

Yeah, Osborne reduced it, but then increased divi tax to more than make up for it, so now corp tax going up.

This is the same sh*t they pulled with married man's tax allowance/child benefit, the latter they then effectively pulled. I don't think any of the parties stand for anything anymore, except the answer to everything is more government & more taxes.
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AtW replied

20 February 2021, 01:08
I obviously expect better than this tulip
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d000hg replied

20 February 2021, 01:04
What exactly did you expect?
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AtW replied

20 February 2021, 00:29
Corbyn's Labour wanted it to be 26%, from supposedly 17% that it should have legally got down to, so we'll have at least 17% -> 23%, which is 2/3 of the Labour planned increase.
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AtW started a topic From the party of business

20 February 2021, 00:10
From the party of business

" Rishi Sunak set to extend corporation tax

Rishi Sunak will announce much-anticipated plans to increase corporation tax in the Budget next month, in a bid to repair the UK's pandemic-hit economy.

The Chancellor is not expected to immediately rise the tax on March 3, but instead increase it by 1 percentage point in the autumn, taking it to 23pc over the parliament, reported The Times.

Each percentage point rise would raise around £3bn, it said, according to HMRC modelling. At the same time, however, previous estimates by the Office for Budget Responsibility have suggested every percentage point rise could knock 0.5pc off business investment spending.

Mr Sunak's plans would reverse some of the cuts made under former Chancellor George Osborne, which have led corporation tax to fall from 28pc to 19pc. The UK currently has the lowest corporation tax in the G7."

Rishi Sunak set to extend corporation tax

Yeah, Osborne reduced it, but then increased divi tax to more than make up for it, so now corp tax going up.

4% increase off the top so broadly equivalent to 5% divi tax increase.

malvolio will pop in to explain that Labour would have done it too in 3... 2...
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