Tax raid is ‘drastically anti-investment’, warns BT

The Telegraph sites CPS data on the impact of raising corporation tax on GDP.

‘Recent work by the Centre for Policy Studies (CPS) and Tax Foundation think tanks suggest raising corporation tax will reduce GDP by 1.2pc, investment by 2pc, and wages by 1.1pc over five to ten years unless this is offset with big reforms to investment allowances.’

Date Added: Thursday 23rd February 2023