Implement a 10% total tax minimum on £1B+ turnover firms' England/Wales sales.
The current tax system struggles to capture revenue from large corporations in the UK economy. A 10% sales tax on corporations with over £1 billion turnover from England and Wales sales would help lower the increasing burden on the majority of the people. This cap considers all other taxes paid.
Signatures
6
signatures
Government response threshold (10,000) · 6/10,000
Debate threshold (100,000) · 6/100,000
- 17 APR 2025Petition rejectedno-action
Petitions need to call on the Government or Parliament to take a specific action. We understand that you'd like to change business taxation but we're not sure exactly what you'd like the Government or Parliament to do. You could start a new petition explaining clearly what you would like the Government or Parliament to do.
- 19 FEB 2025Petition created
Background
Large corporations in England and Wales often use complex tax structures to minimize their UK tax. This is unfair to smaller businesses and individual taxpayers who carry a disproportionate burden. This would ensure they contribute more fairly based on their actual economic activity. It's about all businesses paying their fair share.