25 signatures reached
To: UK Government & HMRC
Corporation Tax Increase
We would like an increase in the level of main rate Corporation tax and the removal of the marginal rate scheme on corporation tax for the main rate. The new main rate Corporation tax to be 50% from April 2015.
Why is this important?
Large profitable companies get away with paying less than ordinary people, in parliament you will hear the politicians arguing about the top rate 50 p for personal tax.
Evidence: https://www.youtube.com/watch?v=CKCvf8E7V1g USA Principles Applie to the UK
MPs hardly ever talk about corporation tax mostly because of vested interests in large companies, and old beliefs in capitalist market being able to take care of everything.
The figures below tell you the facts vote now:
Personal Income Tax
Tax rate Taxable income above your Personal Allowance
Basic rate 20% £0 to £31,865
Most people start paying basic rate tax on income over £10,000
Higher rate 40% £31,866 to £150,000
Most people start paying higher rate tax on income over £41,865
Additional rate 45% Over £150,000
Vs
Corporation Tax 21% April 2014
The government would be able to spend the 50% tax money on public services such as the NHS, Schools, and Legal Aid, Police, Fire Brigade and other public sectors !
Evidence: https://www.youtube.com/watch?v=CKCvf8E7V1g USA Principles Applie to the UK
MPs hardly ever talk about corporation tax mostly because of vested interests in large companies, and old beliefs in capitalist market being able to take care of everything.
The figures below tell you the facts vote now:
Personal Income Tax
Tax rate Taxable income above your Personal Allowance
Basic rate 20% £0 to £31,865
Most people start paying basic rate tax on income over £10,000
Higher rate 40% £31,866 to £150,000
Most people start paying higher rate tax on income over £41,865
Additional rate 45% Over £150,000
Vs
Corporation Tax 21% April 2014
The government would be able to spend the 50% tax money on public services such as the NHS, Schools, and Legal Aid, Police, Fire Brigade and other public sectors !
How it will be delivered
The petition will be delivered to UK Government & HMRC on 15th March 2015.
