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Old 25-04-2011, 19:03   #3
Chrysalis
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Join Date: Sep 2003
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Re: Corporation Tax Unfit For Purpose

you are correct but its not a cut and dry situation, in a situation with corp tax removed it is almost certian the savings would at least partially be diverted to profits rather than reinvested. In addition the loss of income would be replaced with a new tax. Which like most recent new taxes would probably hit the poor worst.
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