Tax and British business: Making the case

Editor's Notes

1. Out of business' total contribution in 2010/11, 26% (£42bn) was from corporation tax, the rest being paid through other taxes such as Employers National Insurance (£56bn), business rates (£42bn) and fuel duties, (£14bn)
2. Two measures of a country's corporation tax rate - the effective average and effective martinal tax rates, show the UK regime is far from being the most competitive in the G20
3. The headline statutory rate of corporation tax has been falling in major economies over the last 15 years - and how the UK's rate has had to fall in recent years to to remain competitive
4. The effect of deductions and reliefs on the corporation tax bill of two aggregated business sectors, illustrating the extent of the impact they have on a company's taxable profit
5. While businesses pay a large share of the overall tax take, the business tax burden does not fall uniformly across all businesses
6. UK businesses pay more corporation tax than their counterparts in the US, France and Germany, both as a proportion of total taxes collected and as a proportion of GDP