Revenue Tax for Corporation

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Revenue Tax for Corporation

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UK PAYE Individuals pay tax on the "top-line" of their income so should corporations.

Corporation Tax should be calculated as a % of revenue rather than as a % of profit.

This would be incremental, in the same way income tax is so small enterprises with less than £100,000 revenue for example pay 5% while larger companies with over £1,000,000 pay 10% the largest corporations can expect tax relief at a certain level in the tens or hundreds of millions.

This would avoid the situation where many of the largest companies purchase expensive "essential" component products from their foreign subsidiaries thereby transfer tax burden to low-tax jurisdictions.

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