In reply to bearman68:
> Let me just quote you for a moment "Overall tax take rose".
Yep, like is said, overall tax take rose because of an increase in other taxes. Receipts from CT fell because of a decrease in the CT rate. If you're saying an increase in NI or other corporate taxes is preferable I might agree but that's not the same as saying "tax take reduces with increased corporation tax rate".
> Googling again, it took me 3 seconds to find an alternative view. Clearly more data points are required.
Clearly, but you made a conclusive statement which cannot be made without a million caveats. You used many data points from 100 years and many countries, I used two from the last five years from the country in question - who's to say one is kore accurate than the other. What works for Lichtenstein won't necessarily work for the UK, nor does what happened in 1918 necessarily have any relevance in a globalised economy. On the other hand, I possibly misinterpreted one (50%!) of my data points!
> That's why it took me many hours. And of course the correlation is not 100%, so individual cases will not always be consistent with the overall trend. I don't really have a dog in the fight, I just like numbers, but the view that increased tax rate increases tax take, at a minimum is a pretty ropey suggestion.
As is the view that decreasing the rate increases the tax take, surely? Given the millions of variables which change from year to year.
> One thing I would personally support is that foreign owned companies are subject to 'economic activity' taxes, as per LD manifesto.
Post edited at 21:22