Submitted on Saturday 30th July 2011
Published on Friday 5th August 2011
Current status: Closed
Closed: Sunday 5th February 2012
Lower Corporation Tax Rate
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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