With the UK economy needing every penny we can raise in order to deal with the emense deficit left by the last Labour Government it is vital that the loopholes left by that Labour Government are closed. No international company should be able to transfer it’s profits in the UK to other countries in order to pay lower taxes on them. No international company setting up business in the UK should be able to charge its UK outlets licenses for the use of its brand, or pull any other such stunt, tricks and skuldugery.
We need a simple corporation tax regime in the UK that ensures that corporation tax is paid against every penny earned in this country, prior to any transfers of that money to other regimes.
20% should mean 20%, no ifs and no buts.