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Cutting corporation tax for SMEs will stimulate growth.

Submitted on Wednesday 17th August 2011

Published on Thursday 18th August 2011

Current status: Closed

Closed: Saturday 18th August 2012

Signatures: 4

Tagged with

Economy ~ Tax ~ UK ~ UK economy

Petition Action

Cutting corporation tax for SMEs will stimulate growth.

Additional Information

"It is well known that small firms are the engine room of the UK economy and the job creators in the country" Federation of Small Businesses Press Release July 23, 2010

We should have tax brackets for different sized companies phased in very gradually. Companies with a turn over less than £1 million should have a corporation tax of 12.5 - 15%. this would help create a vast amount of jobs and kick start the economy.

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