Just an aside mate, I don't enthuse for low taxation in particular.
I just don't want punitively high levels, and I want the burden to be more evenly spread, not very disproportionately loaded onto people who happen to have been successful. I resent this Labour line of "the rich must pay their fare share", with the implication that they are not. The top rate (inc NI) is 47% already, and anyone on PAYE has no choice other than to pay it. How Labour can argue that this is not a fare share, I do not understand.
Out of the top 150 countries, our top rate is already 16th highest. The EU average is 38%. Europe average 31%. US 37%. We are 47% already. Pushing it to 52% would put us to 6th out of the 150, with only Sweden, Japan, Denmark, Austria and Finland with higher rates.
In corporate tax, our rates are currently low(ish) but the scope of what is taxed is much broader than elsewhere. In France for example, although the headline rate is much higher (28% vs our 19%) they get a rebate of 7% of their payroll cost. And they get exceptions for R&D expenditure and more generous capital allowances. The net effect is that the amount of tax we collect, is mid-table compared to other EU countries, even though our rate is lower. Labour's changes would put the UK at the top. Combine that with our lower productivity than other EU countries, and that slaps a dirty great big "Investors Not Welcome Here" sign right across the UK.
Moreover, our bottom rate of tax (20%) is extremely low compared to other EU countries, especially those which are more "socialist" and the sorts of economies which we are repeatedly reminded by Labour we should aspire to me more like - for example in the Nordics. (I exclude Norway because of their enormous oil and gas revenues - more per capita than Saudi Arabia). The lowest tax rate in Denmark is 36%. The lowest rate in Sweden is 32%. etc.
Nowhere else is the government trying to impose 50%+ taxes on the better off, whilst taxing the less well off at only 20%. Labour is seeking to make the UK more punitive against the better off than any other state. It is that principally which I object to. If we want much more money spent on public services then people - most people, not a select few - must pay more money. Let's just be honest about it and see if people want to vote for that.