The annual investment allowance over time

Should income from business be taxed like income from employment?

There is a strong case to tax business income at the same rates as employment income – if the tax base is also reformed.

Should tax be used to encourage entrepreneurship?

There are reasons to promote entrepreneurship, but low headline tax rates on income from business are poorly targeted at that goal.

Corporation tax revenue by industry, 2018–19

Concentration of corporation tax payments, 2018–19