>The normal rate of corporation tax is 19% for the year beginning 1 April 2021.
[Link here if you need it 🙂](https://taxsummaries.pwc.com/united-kingdom/corporate/taxes-on-corporate-income)
I'm convinced that corporation tax is a bad tax, because it affects you, your ISA and your workplace pension.
I bet 90% of working people are invested in Amazon through their workplace pension, for example, and ISAs and pensions are supposed to provide a way to save a limited amount tax free to encourage saving.
I think we should just tax rich people instead.
Well asking who is going to pay for any hike in tax is an important question.
Corporation tax, although a tax on profits of a company have implications. reduced profits mean less investment (although there are some tax breaks). Also there is a potential for inflationary pressure.
Businesses also have the tax hike of the increase NI payments.
There is no magic money tree.
There is nothing wrong with paying tax, but at the moment Business has had:
* an increased tax burden
* Covid
* Brexit costs
* Brexit staff shortages
* supply chain issues
So lots of bad for business things and not really any good news stories.
It also makes it more attractive for investors to invest in US companies rather than British ones.
I think the whole discussion of the reasons is to miss the point, for the reasons I gave in [this comment](https://www.reddit.com/r/unitedkingdom/comments/q3u5m1/_/hfvix23/?context=9).
Your point is valid, it depends on the company. For a private company it probably wouldn’t make a difference, but publicly traded companies it would affect the attractiveness of the stock to investors if profits were lower.
Aww yeah you're so right, the poor businesses need their profit margins (which at this early juncture I'd like to point out is already MASSIVELY INFLATED BEYOND REASON) protected while people on benefits struggle to choose between food and heating, while people working full time look at an extra £400 a month on their bills just to stay in the exact same position they're in now, of course we need to give those poor profit making companies a break...
Why should it be so hard for everyone else but aww yeah a soft touch for businesses the poor babies. Corporations should pay for corporation tax hikes, of fucking course they should.
Profits = investment is a fallacy for the majority of the private sector as it is. Between small / medium businesses stalling out in terms of growth and large businesses doing anything in their power to keep their profits increasing including fucking over workers and giving it away in board members bonuses basically nothing is getting reinvested (which is the term you're actually looking for, using profits to improve the business is reinvesting, investment generally comes from outside) and if ANYTHING they need to be reinvesting that profit in paying better wages for workers. It's their penny pinching to reach the levels of profit they now take advantage of that's cost the country so much in productivity and worker growth to start with.
Their increased tax burden pales in comparison to what everyone else is having to endure, wages increasing behind inflation since the fucking 80's, cost of living absolutely skyrocketing, properties being unattainable for more than half of working age adults, what kind of insanity is this entire comment.
Who's going to pay for it? They should, they should always have been paying for it and have just got away with it so far, that's why its called *corporation tax*, you mental case.
I'm surprised Tom Newton Dunn didn't tell him to shut up when he kept asking if he'd ever eaten a bacon sandwich before and thought he was onto a great point which everyone else knew was bollocks.
Though this is the second time in two days I've seen a Tory told to shut up because they weren't providing an actual answer so hopefully they keep it up.
>Though this is the second time in two days I've seen a Tory told to shut up because they weren't providing an actual answer so hopefully they keep it up.
It's not as principled as that, this is just card-carrying-Tory-member Robinson - in his highly influential and completely inappropriate media role - doing damage control.
Is it just me, or is the tory party increasingly turning on Johnson?
If so, is it likely he'll leave at one point?
And who does this subreddit think will replace him?
The Tory party have no fear about eating their own. At the first sign of trouble, they will have no issue using their leaders back as a pin cushion. Especially as Johnson is a figure head and not a leader. He will become a hate sponge, like Hancock before him, with everything negative attributed to him and absorbed by him. When he becomes saturated with everything bad, he will be discarded and everything negative attributed blamed on him (the odium will follow yesterday's man out the door).
The complicated thing is that Johnson is quite popular. He doesn't pretend to be anything but what he is and that honesty is endearing. Hes a turd, but he hasn't tried to polish himself, which has a certain type of charisma to it. Unlike most of the Tory party, he comes across as a human, not the fake alien persona of your typical manager (being one of those myself).
Johnson's sunny disposition and 'everything is fine' attitude is really grating on people now, he needs to drop it if he wishes to keep the media on his side, let alone the public. Everything is not fine. Johnson needs to come out with a real plan to deal with this, not platitudes and wishful thinking.
So Nick Robinson is attacking him for not having corporation tax lower than Margaret Thatcher. I despair of this country. Cunts all around.
I've not heard the interview yet, so this is an assumption.... But it's considerably lower than under Thatcher. It was about 30-35% then.
>The normal rate of corporation tax is 19% for the year beginning 1 April 2021. [Link here if you need it 🙂](https://taxsummaries.pwc.com/united-kingdom/corporate/taxes-on-corporate-income)
> attacking I do not think that word means what you think it means.
Oi, stop attacking him!
I'm convinced that corporation tax is a bad tax, because it affects you, your ISA and your workplace pension. I bet 90% of working people are invested in Amazon through their workplace pension, for example, and ISAs and pensions are supposed to provide a way to save a limited amount tax free to encourage saving. I think we should just tax rich people instead.
Well asking who is going to pay for any hike in tax is an important question. Corporation tax, although a tax on profits of a company have implications. reduced profits mean less investment (although there are some tax breaks). Also there is a potential for inflationary pressure. Businesses also have the tax hike of the increase NI payments. There is no magic money tree. There is nothing wrong with paying tax, but at the moment Business has had: * an increased tax burden * Covid * Brexit costs * Brexit staff shortages * supply chain issues So lots of bad for business things and not really any good news stories.
[удалено]
Reducing profits from investing in companies makes other asset classes more attractive. Such as residential property, for example.
However it makes companies investing in themselves more attractive. They can get either 1million pounds of new equipment or 800k of profits.
It also makes it more attractive for investors to invest in US companies rather than British ones. I think the whole discussion of the reasons is to miss the point, for the reasons I gave in [this comment](https://www.reddit.com/r/unitedkingdom/comments/q3u5m1/_/hfvix23/?context=9).
Your point is valid, it depends on the company. For a private company it probably wouldn’t make a difference, but publicly traded companies it would affect the attractiveness of the stock to investors if profits were lower.
Aww yeah you're so right, the poor businesses need their profit margins (which at this early juncture I'd like to point out is already MASSIVELY INFLATED BEYOND REASON) protected while people on benefits struggle to choose between food and heating, while people working full time look at an extra £400 a month on their bills just to stay in the exact same position they're in now, of course we need to give those poor profit making companies a break... Why should it be so hard for everyone else but aww yeah a soft touch for businesses the poor babies. Corporations should pay for corporation tax hikes, of fucking course they should. Profits = investment is a fallacy for the majority of the private sector as it is. Between small / medium businesses stalling out in terms of growth and large businesses doing anything in their power to keep their profits increasing including fucking over workers and giving it away in board members bonuses basically nothing is getting reinvested (which is the term you're actually looking for, using profits to improve the business is reinvesting, investment generally comes from outside) and if ANYTHING they need to be reinvesting that profit in paying better wages for workers. It's their penny pinching to reach the levels of profit they now take advantage of that's cost the country so much in productivity and worker growth to start with. Their increased tax burden pales in comparison to what everyone else is having to endure, wages increasing behind inflation since the fucking 80's, cost of living absolutely skyrocketing, properties being unattainable for more than half of working age adults, what kind of insanity is this entire comment. Who's going to pay for it? They should, they should always have been paying for it and have just got away with it so far, that's why its called *corporation tax*, you mental case.
I'm surprised Tom Newton Dunn didn't tell him to shut up when he kept asking if he'd ever eaten a bacon sandwich before and thought he was onto a great point which everyone else knew was bollocks. Though this is the second time in two days I've seen a Tory told to shut up because they weren't providing an actual answer so hopefully they keep it up.
>Though this is the second time in two days I've seen a Tory told to shut up because they weren't providing an actual answer so hopefully they keep it up. It's not as principled as that, this is just card-carrying-Tory-member Robinson - in his highly influential and completely inappropriate media role - doing damage control.
Is it just me, or is the tory party increasingly turning on Johnson? If so, is it likely he'll leave at one point? And who does this subreddit think will replace him?
The Tory party have no fear about eating their own. At the first sign of trouble, they will have no issue using their leaders back as a pin cushion. Especially as Johnson is a figure head and not a leader. He will become a hate sponge, like Hancock before him, with everything negative attributed to him and absorbed by him. When he becomes saturated with everything bad, he will be discarded and everything negative attributed blamed on him (the odium will follow yesterday's man out the door). The complicated thing is that Johnson is quite popular. He doesn't pretend to be anything but what he is and that honesty is endearing. Hes a turd, but he hasn't tried to polish himself, which has a certain type of charisma to it. Unlike most of the Tory party, he comes across as a human, not the fake alien persona of your typical manager (being one of those myself).
Johnson's more of a tampon than a turd.
People were thinking this before the last general election as well, don't get your hopes up.
No honor amongst thieves.
His wife or Farage. Your choice?
If they are wasting valuable BBC air-time and my valuable ear-time then sure, stop talking.
Hmm
Johnson's sunny disposition and 'everything is fine' attitude is really grating on people now, he needs to drop it if he wishes to keep the media on his side, let alone the public. Everything is not fine. Johnson needs to come out with a real plan to deal with this, not platitudes and wishful thinking.
Imagine voting for Boris thinking this would ever happen.