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    Default 24% corporation tax

    Looks like we’re paying for covid 24% corporation tax


    Furious business chiefs and MPs slam Rishi Sunak's £30billion tax raid
    Furious business chiefs and MPs slam Rishi Sunak's GBP30billion tax raid | Daily Mail Online



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    Quote Originally Posted by pjt View Post
    Looks like we’re paying for covid 24% corporation tax


    Furious business chiefs and MPs slam Rishi Sunak's £30billion tax raid
    Furious business chiefs and MPs slam Rishi Sunak's GBP30billion tax raid | Daily Mail Online



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    No problem, it's good for the country. Please pay more.
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    Who do you think was going to pay for COVID? That bail out didn't come for free from the great sky fairy.

    It was inevitable that taxes would have to rise to cover the borrowing. It's what taxes and how that I'm most interested in as HMG won't want to upset their donors, or potential trade partners, or anyone who squeals "I'm taking my company offshore!" or such like.

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    Quote Originally Posted by ladymuck View Post
    Who do you think was going to pay for COVID? That bail out didn't come for free from the great sky fairy.

    It was inevitable that taxes would have to rise to cover the borrowing. It's what taxes and how that I'm most interested in as HMG won't want to upset their donors, or potential trade partners, or anyone who squeals "I'm taking my company offshore!" or such like.
    5% is a pretty big jump!


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    Quote Originally Posted by pjt View Post
    5% is a pretty big jump!
    You ain't seen nothing yet.
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    The government is trying out all their proposed policies in the press to see which ones get less push back.

    They will calculate raising corp tax by 1% is safer. As some businesses e.g. retailers are suffering due to business rates.

    They will probably invent a new tax as well on income. Plus do something with council tax.
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    It could be worse they could make dividend tax the same as income tax

    Quote Originally Posted by pjt View Post
    5% is a pretty big jump!
    In Scooter we trust

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    Quote Originally Posted by The Spartan View Post
    It could be worse they could make dividend tax the same as income tax
    They will be to ensure all loopholes are closed.
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    it's only fair. I am paying 43% tax under umbrella. 24% is a bargain comapred to that.
    pay your bit.
    Last edited by Andy2; 30th August 2020 at 18:08.

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    Quote Originally Posted by SueEllen View Post
    The government is trying out all their proposed policies in the press to see which ones get less push back.
    Absolutely this.

    It's as though some of you were born yesterday.

    This is straight out of the Treasury's kite flying playbook.

    Some taxes will rise by some amount, particularly from 2022 onwards. But CT won't rise by 5% next April. We'll still be in the middle of this in November and such rises would sap business confidence at exactly the wrong moment.

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