Rejected petition Tiered Corporation Tax Rates for Rich List Companies

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"Tesco, Britain's biggest retailer, reported record profits of £3.8bn – more than £10m a day – but admitted that it needs to do better in its core UK operations."

Why should companies like Tesco only pay a flat rate of 26% corporation tax (reducing from 28% in 2009 and 2010 to 25% in 2012)?

Employees' rates are tiered (20% £0-35,000, 40% £35,000-150,000, 50% over £150,000).

Company profits resulting from UK sourced income should be subject to tiered rates of taxation in a manner similar to those set for employees.

This petition was rejected

Why was this petition rejected?

It’s not clear what the petition is asking the UK Government or Parliament to do.

We only reject petitions that don’t meet the petition standards.

Date submitted 25 October 2011
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