Tesco feeds the masses, including me from time to time. So why not have record-breaking profits? What matters is what is done with them.
Among other things, it is time to make the supermarkets invest in agriculture and small business (investment to be determined in close consultation with the National Farmers’ Union and the Federation of Small Businesses) by means of a windfall tax, to be followed if necessary by a permanently higher flat rate of corporation tax, with, in either case, strict regulation to ensure that the costs of this are not passed on to suppliers, workers, consumers, communities or the environment.
You know what you have to do.
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I've just read this post, and I don't understand the last line. What do I have to do?
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ReplyDeleteAs someone who says that we should seek to match Ireland's 7% growth rate (or improve on it) which started as soon as they started cutting corporation tax, you will understand that I think raising it would be disasterous. While CT is an easy to stir up popular feeling there is NO are other tax which so directly destroys the economy.
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