Whatever you think about the levels of profitability in the UK's economy, one thing is clear voters are vastly over-estimating how much firms make in profits.... but perhaps most telling (in this misu...
@nprofile1q... I think most people have no experience of seeing or using company profit percentages as asked in this survey. Clearly evidenced by the attribution of profits to the NHS. Of course there are plenty of very profitable private companies providing goods and services to the NHS and other government organisations.
Company profit rates don't have any relevance to the question of raising the (corporation) tax rate that is applied as a percentage of whatever the profit actually declared. Trying to draw conclusion about this using this survey is gaslighting by the IEA.
And this is ignoring, of course, all the legal subterfuges and legal fiddles that larger companies, in particular, are currently allowed to use to reduce their declared taxable profits in the UK.
Company profit rates don't have any relevance to the question of raising the (corporation) tax rate that is applied as a percentage of whatever the profit actually declared. Trying to draw conclusion about this using this survey is gaslighting by the IEA.
And this is ignoring, of course, all the legal subterfuges and legal fiddles that larger companies, in particular, are currently allowed to use to reduce their declared taxable profits in the UK.
1
