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Sephiroth · 15-03-2023, 20:51

The budget is shit. Putting up corporation tax will put prices up = inflation. That's because companies will want to offset the additional profit tax via increased prices so that their net after tax is at least the same. The average punter is the loser, again.

John Redwood is absolutely right: reduce Corporation Tax to 15% (matching Ireland) and then see where the investment goes.

15-03-2023, 20:51	#480
Sephiroth Wisdom & truth Join Date: Jul 2009 Location: RG41 Services: RG41: 1Gig VOLT Rutland: Gigaclear 400/400 Posts: 12,630	Re: The Chronicles of Rishi The budget is shit. Putting up corporation tax will put prices up = inflation. That's because companies will want to offset the additional profit tax via increased prices so that their net after tax is at least the same. The average punter is the loser, again. John Redwood is absolutely right: reduce Corporation Tax to 15% (matching Ireland) and then see where the investment goes. __________________ *Seph.* My advice is at your risk.