Reports and Campaigns

spotAbout the Socialist Party

spotAnti-capitalism

spotAnti-privatisation

spotAnti-war

spotElection campaigns

spotEnvironment

spotHealth

spotSocialist women

spotWorkplace

spotYouth and Students

All keywords


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

Local government keywords:

Civil service cuts (1)

Council tax (49)

Council workers (131)

Pay (1978)

privacy (5)

Social Care Workers (5)

Taxes (40)


Reports and campaigns:

Anti-capitalism (1222)

Anti-fascist (559)

Anti-racism (696)

Anti-war (1481)

Asylum (208)

Black and Asian (387)

Children (364)

CNWP (108)

Corporate crime (2)

Disability (200)

Education (3855)

Election campaigns (2424)

Environment (598)

EU (443)

Finance (98)

Food (267)

Health and safety (33)

Health and welfare (303)

Housing (1012)

Human Rights (371)

LGBT Pride (140)

Local government (2148)

Local services (3624)

Low pay (499)

Migration (54)

Nationalisation (142)

New workers party (465)

NHS (1814)

Pensions (696)

Post Office (221)

Poverty (562)

Privatisation (1003)

Public Services (1113)

Socialism (850)

Socialist (42)

Sport (194)

Stop the slaughter of Tamils (88)

Students (1790)

The state (1350)

Transport (535)

TUSC (997)

Welfare rights (705)

Women (746)

Workplace and TU campaigns (8180)

Youth (1933)

Related websites

Youth Fight For Jobs

Trade Unionist and Socialist Coalition

National Shop Stewards Network

Tamil Solidarity


Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 909, 6 July 2016: Stand firm against the Blairite coup

Search site for keywords: Tax - Tories - Cuts - Government - Big business - Taxes - George Osborne

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.






Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

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