My hon. Friend is right on that. Other countries, including the United States, have a corporation tax of 36% and the German rate is higher than ours, so even if we went back to the 2010 level of 26% that we had under a Labour Government, we would still have the lowest rate of all our competitors. That is the reality. Interestingly, they are doing much better than we are, notwithstanding that higher level of corporation tax.
Finance (No. 2) Bill
Proceeding contribution from
Peter Dowd
(Labour)
in the House of Commons on Monday, 18 December 2017.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance (No. 2) Bill.
Type
Proceeding contribution
Reference
633 c822
Session
2017-19
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2018-01-09 17:46:42 +0000
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