Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/909/23191

From The Socialist newspaper, 6 July 2016

Osborne plans to cut corporation tax again

Tory chancellor George Osborne, Osborne photo by FCO (Creative Commons), composite by James Ivens

Tory chancellor George Osborne, Osborne photo by FCO (Creative Commons), composite by James Ivens   (Click to enlarge)

ZoŽ Brunswick

George Osborne announced on 4 July that he would cut corporation tax by a quarter, bringing it from 20% down to just 15%. This new rate will be among the lowest in Europe, pushing forward Osborne's plan to make the UK a global tax haven.

This shocking move contradicts Osborne's pre-Brexit threats of tax hikes. Once again, it shows the Tories' true objectives: to hand money to the rich at the expense of the poor.

Tax cuts for big businesses will result in further cuts in public spending, hitting the poorest hardest. Meanwhile, CEOs will award themselves fatter pay packets from their increased profits. The trade union leaders must respond to any attempt by the government to make workers pay for the bosses' crisis with coordinated strikes.

Tax breaks for the rich and big businesses are exactly the type of elite handout that both Leavers and many Remainers voted against in the EU referendum last month. Brexit was an enormous protest against the handing of money and power over to big business, and yet the Tories continue to do it.

Avoidance

Some of the largest corporations avoid paying most or all of their taxes anyway. The Socialist Party calls for the nationalisation of the top 150 corporations, and all corporate tax avoiders, under democratic working class control. Then workers could run the economy for the benefit of all, not the 1%.

The Brexit vote has left the Tories in chaos. Cuts to corporation tax will further alienate the public that voted decisively against big business. We must fight for a general election now, to oust this weak and divided government.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 6 July 2016:


#keepcorbyn

Stand firm and organise against the Blairite coup

Demo says: Keep Corbyn, sack the Blairites

Keep Corbyn demonstrations in Leeds

Meeting discusses how to get rid of 'blue or red' Tories

Stevenage supports Corbyn


Join the Socialist Party

Join the Socialist Party to fight for socialist change

Why I joined: I want a future for my generation

Why I joined: My real education started when I joined


National Shop Stewards Network conference 2016

NSSN conference: Implacable opposition to austerity


Socialist Party news and analysis

After Chilcot: put Blair in the dock

Osborne plans to cut corporation tax again

Rough sleeper death sparks calls for action

Them & Us


Socialist Party workplace news

Junior doctors renew battle over contracts

Teachers' strike: Angry and defiant

Unite policy conference 2016: Union could place itself at the centre of anti-austerity fight

RMT conference takes fighting position on urgent political questions

Bus drivers' strikes continue for fair pay

Manchester firefighters fight cuts


Socialist Party reports and campaigns

Hundreds protest to demand votes at 16

Defiant Butterfields tenants visit landlord's house

Southampton Rallies to counter fascist threat


International socialist news and analysis

Turkey: Deadly terrorist attack at Istanbul airport

Mexico: Teachers continue strike despite extreme repression


Comment

The Socialist inbox


 

Home   |   The Socialist 6 July 2016   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Tax:

triangleYoung people being strangled by debts

triangleNasty party imploding...drive out the Tories

triangleThem & Us

triangleProblem gambling soars by 33%

triangleAmazon tax halves as revenues soar - nationalise now!

Tories:

triangleHundreds turn out for rally aimed at removing west Wales Tory MP

triangleTories scrap the NHS pay cap: now fight for real-terms pay rises!

triangleTories torn - bin them now

triangleThe end of the Tories?

Cuts:

triangleNorth London hospital workers fight cuts and job losses

triangleNo cuts - hands off King George A&E!

triangleSchools "can't go any further" - stop the cuts: set deficit budgets now

Government:

triangleWorkers' anger increases after Royal Mail bosses block strike - back postal workers

triangleCampaign against political repression in Hong Kong

Big business:

triangleThe Tories must be driven out

Taxes:

triangleHurricane Harvey: A tragedy made far worse by capitalism

George Osborne:

triangleRight wing attempts to use single market against Corbyn

News and socialist analysis

News and socialist analysis

18/10/17

What we saw

What we saw

18/10/17

Food

Obesity epidemic: end food market anarchy

18/10/17

NHS

Tories scrap the NHS pay cap: now fight for real-terms pay rises!

18/10/17

Debt

Young people being strangled by debts

18/10/17

Brexit

Tories torn - bin them now

13/10/17

Labour

The end of the Tories?

11/10/17

Tories

Nasty party imploding...drive out the Tories

11/10/17

Black history

The fight against racial discrimination is tied to fighting against capitalist austerity

11/10/17

Housing

Housing crisis: Corbyn's positive measures blanked by Labour's right

11/10/17

Universal Credit

Major attacks 'Universal Credit', half a million more face poverty

11/10/17

Them & Us

Them & Us

11/10/17

NHS

NHS meltdown - fight the Tory cuts

11/10/17

IMF

IMF helps cause inequality it slams

4/10/17

NHS

Tories wreck our NHS

4/10/17

Workers

Monarch abdicates responsibility to workers

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

triangle11 Oct CWU fights court attempt to stop national strike

triangle11 Oct The fight against racial discrimination is tied to fighting against...

triangle11 Oct Catalonia: Workers can finish what Puigdemont won't

triangle6 Oct Boeing bust-up threatens thousands of skilled jobs

triangle4 Oct The nasty party turns on itself... but the Tories must be driven out

More ...

triangle18 Oct Warrington & St Helens Socialist Party: 1917-2017; the October Russian Revolution

triangle18 Oct Hackney Socialist Party: 100 years ago - the Bolshevik-led revolution

triangle18 Oct Tower Hamlets Socialist Party: Capitalism in Crisis - is Corbyn the answer?

triangle19 Oct Waltham Forest Young Socialists: Deaths in police custody

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2