Submitted on Thursday 9th October 2014
Published on Friday 10th October 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 2
A Fair Alternative to Corporation Tax
Big multi-national corporations routinely (and legally) reduce their corporation tax bills by the use of tax-haven states to host their corporate headquarters.
The government should abolish corporation tax and introduce a Corporate Revenue Tax (CRT).
The treasury would set the thresholds, rates, and industrial/commercial classes for taxation.
HMRC would be responsible for collection as well as for classification disputes.
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