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Lower Corporation Tax Rate

Submitted on Saturday 30th July 2011

Published on Friday 5th August 2011

Current status: Closed

Closed: Sunday 5th February 2012

Signatures: 13

Tagged with

Education ~ income tax ~ Tax

Petition Action

Lower Corporation Tax Rate

Additional Information

A Corporation Tax rate reduction to 18% by 2014 should lead to greater investment in our private sector with the potential that more investment can bring for increased employment, sustainability and growth, not to mention consequential improvements in social and education/skills standards. In the long term, the loss of tax income should therefore be offset by greater income tax receipts, more VAT as people spend more, and lower welfare costs as disadvantaged people gain access to jobs and learning.

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