In 'minor' EU countries maybe. It was 19% here but can you tell us what it was in France, Germany, Spain and Italy and what it is going up to in those countries?
Is a Swiss style deal on the way
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Corporate Income Tax Rates in Europe
Portugal, Germany and France have the highest corporate tax rates in Europe. How does your country compare?
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And where is the new business going to?
Corporate tax is not the b all and all of corporate decision making.
Note to mottie/motman/whatever your name...
The UK is now a minor 'third country' due to you brexiteers!
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It's Mottie. Can't you read?
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No it''s a place that has had a problem for some time. Brexit hasn't helped. Just made it worse in some areas.
D
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Starting with 12 years of Tory government and the near destruction of economic growth before the lunacy of Brexit ever hit
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The rot started a lot earlier via a long term of Tory. Some of the changes probably had to happen. Following that larger UK companies started having some what different motivations creating jobs here not being one of them.
I should have said the EU average is about 20%. Ours jumping from 19 to 25% is yet another disincentive for business to invest here.
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I don't think what percentage it is makes any difference to the big multi nationals that have operations of multi millions here, but never appear to make any real profit to be taxed on. It only really affects the SME's.
Perhaps you should have done because as you know it’s 24% in Italy, 25% in Spain, 28% in France and 30% in Germany. People could be forgiven for thinking it’s anywhere near 20% in those major European countries. Even at 25%, we will still be one of the lowest countries for corp tax in the G20.
All UK taxes
All UK takes are set to rise. They will have to stay high for years.
"The UK economy is set to be the worst performer in the G20 bar Russia over the next two years, the OECD said on Tuesday, underlining the lasting impact of high energy prices on Europe as a whole.
The OECD said in its latest economic forecasts that UK gross domestic product would fall 0.4 per cent in 2023 and rise a mere 0.2 per cent in 2024. That would be a longer and deeper downturn even than the forecast for Germany, whose manufacturing-intensive economy is particularly vulnerable to high energy prices.
In an apparent reference to Brexit, Álvaro Santos Pereira, the OECD’s acting chief economist, said the economic adjustment under way in the UK had compounded longstanding concerns about the country’s low productivity growth.
He singled out Britain’s need to forge post-Brexit commercial relations with the rest of the world, with “trade deals that you need to export and so on high on the agenda”.
The UK is already the only country in the G7 where output has not yet regained its pre-pandemic levels. Britain’s Office for Budget Responsibility said last week that households were facing the steepest fall in living standards on record as the economy entered recession."
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Brexiteers will of course be in denial of their anti UK stance, but the evidence is clear as to the damage they have done!
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One percent is almost 700,000 people. Nothing to worry about...
Off topic removed
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