Re: 'out of touch', ignorant MP
Hi
Corbyn is going to raise Corporation Tax from 19% to 26% to fund some of their plans.
Raising the minimum wage by a third, not something I object to, is however going to cut company profits so raising the rate of Corporation Tax is not going to raise anymore money at all.
As regards the comments on here about these Companies making vast profits, this goes to shareholders in the form of Dividends.
The big shareholders are the Pension Funds, so if you have a Company Pension, that will be going down as well.
Labour really have not thought this out at all.