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A Tax on Business is a Tax on Jobs

The level of business taxation is critical because it directly affects investment, employment and ultimately the prosperity of a nation. During this Parliament the main rate of corporation tax in the UK has been cut from 28% to reach 20% today, as suggested by the CPS. This means that the main rate of corporation tax and the small profits rate have now been unified into a single flat tax rate. It also means that the UK now has the joint lowest corporation tax rate in the G20. Lower corporation tax allows firms to retain more of their profits to pay wages and invest in new technology. Furthermore, despite the cut in the tax rate, the revenues from corporation tax have remained remarkably resilient throughout this Parliament.

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Adam Memon & Tim Knox - Wednesday 1st April 2015

Adam joined the Centre for Policy Studies as Head of Economic Research in January 2014. 

Adam joined the Centre for Policy Studies as Head of Economic Research in January 2014. 

Tim Knox was Director of the CPS from 2011-2017. Before he was Director, Tim was the Editor at the CPS - a position in which he was responsible for publishing papers by every Conservative leader since Mrs Thatcher as well as by hundreds of leading academics and opinion formers.