David Gauke

@DavidGauke ↗

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Last Checked May 11, 2021

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Sat Mar 06 12:04:13 +0000 2021

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David Gauke @DavidGauke

If the Chancellor does decide to focus on corporation tax, the more likely option for him would be to extend the super-deduction - currently in place for 2 years. This is a policy with which Rishi Sunak is associated. /6 — PolitiTweet.org

Posted March 6, 2021

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David Gauke @DavidGauke

But assuming that there is scope of cuts in business taxes, would the Chancellor choose the CT rate? Again, I'm sceptical. Politically, the most popular business tax to cut would be business rates (although Treasury officials will be sceptical about the economic benefits). /5 — PolitiTweet.org

Posted March 6, 2021

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David Gauke @DavidGauke

Not going ahead with the CT rate increase would look like a U-turn - an admission of a mistake. And even reversing the increase wouldn't undo all the damage - businesses want certainty & when it comes to the CT rate, that's already been lost. /7 — PolitiTweet.org

Posted March 6, 2021