Originally posted by malvolio
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It's the same here. An initial increase in tax take is clearly predictable, although the actual figures presented by HMRC are questionable , but the nett cost to HMG isn't. HMRC have already claimed an increase in tax take from the public sector, even prior to a complete taxation cycle. I guess they will claim that any perceived reduction in corporation tax take will be down to the reduction in the rate.
Those who believe that reasoned argument will in any way affect HMRC's stance, are deluding themselves.
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