UK wealth creators pay more tax
Value added survey says UK tax burden on wealth creators is higher.
Large British companies pay more tax on the wealth they create than their
international counterparts.
An annual value-added scoreboard shows that the 185 top-wealth creating
companies in the UK pay 12% of the added value they create in tax,
the
FT reports.
The German companies paid 6%, the report said, while French and Swiss
companies paid 8%.
The figures are set to further fuel the debate on corporate taxation. While
the UK has a lower rate than many other large industrial countries, the
corporate tax burden as a share of national income is higher in the UK than
elsewhere.
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