I've long thought that CT is a silly tax. Taking money from business just deprives it of the money it needs to invest in plant and machinery (which would increase productivity) and needs to invest in staff (which would lead to more, better paid staff).
Ah ha! But don't businesses just take their fat profits and pay Fat Cats huge salaries? Yes, some money goes here, but there aren't that many 'fat cats'.
Ah ha! But don't business just distribute profits to shareholders? Yes, but many (most?) shareholders are investment companies looking after things like pensions, ISAs and other investment vehicles, which benefit people like your family.
Raising CT would prompt companies to raise prices, taking money from the pockets of the very people that governments say they want to help. Raising CT would reduce business investment, increase unemployment, depress wages and raise prices.
The converse is true: Lowering CT increases business investment, decreases employment, raises wages and reduces prices, putting more money in to the pockets of those who need it most.
So panel, what do you think? Am I right? If so, yay! Am I wrong, if so, why? I'm keen to understand this topic more fully.
Ah ha! But don't businesses just take their fat profits and pay Fat Cats huge salaries? Yes, some money goes here, but there aren't that many 'fat cats'.
Ah ha! But don't business just distribute profits to shareholders? Yes, but many (most?) shareholders are investment companies looking after things like pensions, ISAs and other investment vehicles, which benefit people like your family.
Raising CT would prompt companies to raise prices, taking money from the pockets of the very people that governments say they want to help. Raising CT would reduce business investment, increase unemployment, depress wages and raise prices.
The converse is true: Lowering CT increases business investment, decreases employment, raises wages and reduces prices, putting more money in to the pockets of those who need it most.
So panel, what do you think? Am I right? If so, yay! Am I wrong, if so, why? I'm keen to understand this topic more fully.
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