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View Full Version : Raise public awareness of the highly damaging proposed corporate tax reforms



Magda Hassan
02-10-2011, 10:37 PM
http://38degrees.uservoice.com/forums/78585-campaign-suggestions/suggestions/1467887-raise-public-awareness-of-the-highly-damaging-prop?utm_campaign=ShortUrls&utm_medium=facebook&utm_source=38degrees.uservoice.com

Raise public awareness of the highly damaging proposed corporate tax reforms (http://38degrees.uservoice.com/forums/78585-campaign-suggestions/suggestions/1467887-raise-public-awareness-of-the-highly-damaging-prop?ref=title)

The government are planning what journalist George Monbiot suggests may be 'the biggest and crudest corporate tax cut in living memory'.
This is not the well publicised cut in the corporation tax rate from 28% to 24% but something far less publicised, yet much more far ranging and destructive to... more (http://38degrees.uservoice.com/forums/78585-campaign-suggestions/suggestions/1467887-raise-public-awareness-of-the-highly-damaging-prop?utm_campaign=ShortUrls&utm_medium=facebook&utm_source=38degrees.uservoice.com#)

The government are planning what journalist George Monbiot suggests may be 'the biggest and crudest corporate tax cut in living memory'.
This is not the well publicised cut in the corporation tax rate from 28% to 24% but something far less publicised, yet much more far ranging and destructive to the common good.
The plan is to charge UK companies NO TAX on earnings from their foreign branches, whilst still allowing them to claim the expense of funding those branches against tax it pays in the UK.
This will have the effect of UK companies transferring as much of their operations as possible overseas. So not only do we lose out on a huge amount of tax receipts, we lose a huge amount of jobs too.
The scariest part of this is that something this important can be kept so under the radar. This proposal desperately needs to be publicly debated.
See George Monbiot's article in The Guardian for full details: http://www.guardian.co.uk/commentisfree/2011/feb/07/tax-city-heist-of-century