19% is actually high. The issue being no fucker pays 19%. Even more endemic when you thin about big business.
e.g. Google post profit of £1.6B, pay CT of £44m = 2.75%
Completely agree that big business, especially multi-nationals are paying far less than the sticker price.
However, 19% is a very low CP tax rate among OECD countries: US - 27% Germany - 30% France - 26.5% Italy 24% etc
@Lebowski started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported exclusively by donations. Consider donating a small amount regularly.
19% is actually high. The issue being no fucker pays 19%. Even more endemic when you thin about big business.
e.g. Google post profit of £1.6B, pay CT of £44m = 2.75%