Saturday, May 6, 2017

Why Corporation Tax Cuts Work

Why Corporation Tax Cuts Work

Daniel Mahoney updated his economic bulletin "Why Corporation Tax Cuts Work" which showed onshore receipts from corporation tax have risen 44% since 2011/12 despite the rate of corporation tax falling from 28% to 20%. This far exceeded expectations which predicted a decline in Treasury receipts to £38.2bn for 2016/17, the actual figure released this week was almost £50bn.