General Election June 8th

Who will you vote for at the General Election?

  • Conservatives

    Votes: 189 28.8%
  • Labour

    Votes: 366 55.8%
  • Liberal Democrats

    Votes: 37 5.6%
  • SNP

    Votes: 8 1.2%
  • UKIP

    Votes: 23 3.5%
  • Other

    Votes: 33 5.0%

  • Total voters
    656
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She's coming across a lot better tonight. OK I still think she's lying (She's a politician) but she's doing it better tonight.
 
But you're ignoring the fact that a higher corporation tax rate will affect inward investment, which will consequently negatively impact growth.
And you're ignoring the fact that lower corporation tax rates have not resulted in investment either, which has impacted growth, as I've said about 3 times now. Companies are hoarding cash so if they won't invest it, the government may as well take it off them via increased tax rates and do that for them. Or it can give them the choice by incentivising investment via tax reliefs.

Then Labour come along, push up tax to 26% but give 100% relief for specified investment. So Company A still make £100m but invest £20m of that and pay 26% on £80m. That's a fraction less tax than they were paying under this government but that investment generates growth, which generates higher tax revenues.
 
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