Okay I haven't spent very long thinking this through but if we think lower corporation taxes wouldn't lead to an increase in staff earnings (which I completely agree would be the case and for the article to suggest that is offensive) then why not change the corporation tax laws so that it'd be banded? The average salary across the whole organisation that people earn (with different bands for different sizes of businesses to prevent small groups of people making up shell businesses) are then factored into different corporation tax rates.
You could financially incentivise companies to reward their workers, a big business giving its staff generous salaries could then pay almost no tax.. Then you go after the individual's tax instead.
I'm sure there's flaws in this but I think the premise of financially incentivising companies to pay better wages could make the lower corporation tax idea more credible than just expecting it'll magically happen.
You could financially incentivise companies to reward their workers, a big business giving its staff generous salaries could then pay almost no tax.. Then you go after the individual's tax instead.
I'm sure there's flaws in this but I think the premise of financially incentivising companies to pay better wages could make the lower corporation tax idea more credible than just expecting it'll magically happen.