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registered interest false remove filter
date remove filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Corporation Tax remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Kilmarnock and Loudoun more like this
tabling member printed
Alan Brown more like this
uin 957 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-06-28more like thismore than 2017-06-28
answer text <p>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.</p><p> </p><p>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.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2017-06-28T13:38:36.11Zmore like thismore than 2017-06-28T13:38:36.11Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4470
label Biography information for Alan Brown more like this