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In numbers: the great political divide on taxing companies

What might the election mean for corporation tax rates—and how do we compare with other countries?

By Tom Clark   December 2019

The stark economic choice in the coming election can be clearly seen in rival plans for taxing companies. Conservative chancellors have chopped corporation tax rates for a decade, and plan to go further next year. Jeremy Corbyn (unlike New Labour, which started the trimming) plans a dramatic reversal.

The main tax rate, which was 30 per cent in 2008, is set to come down to just 17 points—but Labour would whack it back up to 26. And if we factor in its plans to hand staff shares in their companies (and claim some of the dividends for the Exchequer) as…

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