Posted on 23-05-20 by Niall C.
Number of votes: 0 | Number of comments: 0
The current corporation tax in the UK stands at 19% whilst income of £12,500 (min threshold) is taxed at 20%. Post Covid-19 Income tax should be cut to %15 and Corporation tax steadily raised to a base rate of 26% with devolved counties having the power to increase this amount.
The Economy, Business and Trade Policy Commission develops Labour's economic and business policy, including industrial strategy and international trade.