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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.

Taxlab Key Questions

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.

Taxlab Key Questions

Corporation tax revenue by industry, 2018–19

Taxlab Data Item

Concentration of corporation tax payments, 2018–19

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Corporation tax revenue as a share of GDP over time

Taxlab Data Item

Revenue from North Sea oil and gas as a share of GDP over time

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Offshore corporation tax rates, 2021–22

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Bank levy rates over time

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Corporation tax schedule, 2023–24

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Main corporation tax rates over time

Taxlab Data Item

Carrying losses forwards: an example

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The annual investment allowance over time

Taxlab Data Item

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