Businesses already pay

Philip Booth talks to The World Tonight

In response to public consternation towards multi-national companies not paying corporation tax, Philip Booth told The World Tonight on BBC Radio 4 that businesses already pay a lot of tax.

The government collect £50 billion of corporation tax each year. On top of this, the Exchequer also receives £25 billion in business rates that is used to pay for local services.

Philip Booth argued that the money collected in business rates could pay for all secondary education, police force and fire services for the whole population. Revenues from direct taxes of roads exceeds spending by £30 billion a year further emphasising the argument that businesses are already paying.

Listen to the full interview here. Segment starts at 36.40.

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