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754496

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what distributional analysis his Department has carried out on the Government's plan to cut corporation tax to 17 per cent by 2020.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6564
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>The government has not conducted a full distributional analysis of cutting corporation tax to 17%. This is because there is insufficient data about the income distribution of corporate shareholders and uncertainty about the incidence of corporation tax.</p><p> </p><p>However, it is widely accepted, including by the Institute for Fiscal Studies, that a significant proportion of the burden of corporation tax is borne by workers and consumers, not just shareholders.</p><p> </p><p>As with all tax measures, the Government has published a tax information and impact note (TIIN) for this measure which provides our assessment that there are no equalities impacts.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6563 question first answered 06/09/2017 09:23:14 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

754512

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 28 June 2017 to Question 957, what the evidential basis is for the increase in corporation tax receipts referred to being directly attributable to reductions in the rate of corporation tax.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	6391
answer	answer is ministerial correction date of answer 11/09/2017 answer text <p>The OECD has found that cutting corporation taxes can increase GDP, and this is backed up by Government modelling in 2016 which estimated that cuts announced since 2010 could increase GDP by up to 1.3% in the long run. The increased profits, wages, employment and consumption that come with higher growth all feed through into higher tax revenues.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 11/09/2017 16:02:21 answering member 3935 label Biography information for Mel Stride
tabling member	4470 label Biography information for Alan Brown

754545

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what equality impact assessment his Department has carried out on the Government's plan to cut corporation tax to 17 per cent by 2020.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6563
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>The government has not conducted a full distributional analysis of cutting corporation tax to 17%. This is because there is insufficient data about the income distribution of corporate shareholders and uncertainty about the incidence of corporation tax.</p><p> </p><p>However, it is widely accepted, including by the Institute for Fiscal Studies, that a significant proportion of the burden of corporation tax is borne by workers and consumers, not just shareholders.</p><p> </p><p>As with all tax measures, the Government has published a tax information and impact note (TIIN) for this measure which provides our assessment that there are no equalities impacts.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6564 question first answered 06/09/2017 09:23:14 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell