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Tiered Corporation Tax Rates for Rich List Companies

"Tesco, Britain's biggest retailer, reported record profits of £3.8bn – more than £10m a day – but admitted that it needs to do better in its core UK operations."

Why should companies like Tesco only pay a flat rate of 26% corporation tax (reducing from 28% in 2009 and 2010 to 25% in 2012)?

Employees' rates are tiered (20% £0-35,000, 40% £35,000-150,000, 50% over £150,000).

Company profits resulting from UK sourced income should be subject to tiered rates of taxation in a manner similar to those set for employees.

This e-petition has been rejected with the following reason given:

It did not have a clear statement explaining what action you want the government to take.

You can't sign this petition because it wasn't accepted for publication. But you can still give your opinion on it here at Repetition.me!
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Signatories

1

Status

Rejected

Created By

Andrew Stewart

Created On

Tuesday 25 October 2011

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