debate is less of an argument than it appears. Both the Conservative and Labour parties seem divided over the question of raising taxes on company profits, but in fact the dispute is more about timing than the principle.is a popular policy, and there is widespread acceptance that taxes will have to rise. The question, though, is when the rate of corporation tax should go up.
Welcome to the COVID austerity death spiral! ~ Unemployment, Bankruptcy, repossession, eviction & homelessness increase. Government spending soars, Tax streams dry up, services get cut & pay gets capped. ~ Supported lockdowns? Own it the poverty to come - it's on YOU!
Do you think a lot of companies will have made profits this year? Lots of losses and lots of loss reliefs being claimed, possibly. Not a lot of individuals will be declaring higher incomes either. Sunak is presumably looking at inceasing the tax base, before increasing taxes!