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.
Do you support or oppose this petition?
comments powered by Disqus