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The corporation tax is under attack. It must be defended | British Politics and Policy at LSE
if corporate tax rates (big and small) are cut far below the top rate of income tax, then wealthy individuals will shift income into forms that will attract the lower corporate tax rate. So this increases pressure on governments to cut top income tax rates, further compressing the tax system away from the wishes of the electorate and from Adam Smith’s principle of basing tax rates on ability to pay. In these times of soaring inequality, which is harmful in its own right, corporate tax cuts are therefore particularly worrisome.
tax  economics  uk  politics  policy  inequality  corporate 
7 days ago by wrrn

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