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answer › date of answer	2017-06-28
hansard heading	Corporation Tax

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

732325

registered interest

date

23/06/2017

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Corporation Tax

house id

legislature

25259

	pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, with reference to the Prime Minister's oral contribution of 21 June 2017, Official Report, column 61, what estimate the Government has made of the additional revenue that will be accrued to the public purse as a result of reductions in the rate of corporation tax.

tabling member constituency

Kilmarnock and Loudoun

tabling member printed

Alan Brown

uin

957

answer

is ministerial correction

date of answer

28/06/2017

answer text

OECD analysis concludes that corporate taxes are the most harmful type of tax for economic growth. Cutting corporation tax allows companies to invest in expanding their business, boost wages, create jobs and lower prices for consumers. Despite cutting the rate, onshore corporation tax receipts have increased by over 50% from £36.2 billion in 2010-11 to £54.3 billion in 2016-17, above their pre-crisis peak. The Office for Budget Responsibility have projected receipts to increase further to £54.8 billion in 2021-22.

answering member constituency

Central Devon

answering member printed

Mel Stride

question first answered

28/06/2017 13:38:36

answering member

3935

	label	Biography information for Mel Stride

tabling member

4470

	label	Biography information for Alan Brown