Quote Originally Posted by Vindec View Post
Corporation tax won't be reduced for some time if ever; it's just that the planned rise probably won't take place but I agree the intention is probably to lower it even further. I also agree trickledown economics isn't the flavour of the month but in theory my view is that it makes a lot of sense. Tax businesses to oblivion and they will move elsewhere. Isn't that why we have so many French companies in the UK? In fact there are so many French people living in London they are represented by a French MP with London being the sixth largest French inhabited place on the planet with around 400000 residents.

I note the Bloomberg article but I believe some analysts I have heard on the radio were predicting a much lower tax take than Labour were forecasting and even the most optimistic forecasts will raise nowhere near enough to pay for the cost of the government intervention. It all helps I suppose but remain unconvinced that an additional windfall tax, over and above the 65% already payable, is not the panacea some claim it to be.
Inward investment is far higher in France than the UK despite a higher equivalent CT rate.