She added: "Whilst the headline rate of corporation tax
is lower than the basic rate of income tax in the UK, and therefore the change will be welcomed by some landlords, the calculation of taxable profits under corporation tax
rules is different than under income tax rules, so there will be winners and losers from the change in regime.
What an outrage that Google can seemingly get away with avoiding PS1.5billion in UK corporation tax
as a result of their "creative accounting".
An investigation by the Mirror found that Amazon UK Services had paid PS61.7 million corporation tax
in the UK in the last 20 years.
On that profit, it has paid PS61.7million corporation tax
, equating to an effective tax rate of just under 30 per cent.
Their proposals to raise both income and corporation taxes
are driven by ideology and the politics of envy and strife, not economic competence.
is a levy of 19 per cent on profits.
Making the case for Wales to gain powers over corporation tax
, he said: "The considerations which will make many major employers, particularly those that are parts of large international groups, review future operations in Wales will also weigh heavily on foreign direct investment (FDI).
However, in Britain we have cut corporation tax
from its original punitive 40% to 28%, and now 20%.
From April, the company will end the practice of routing sales from major UK companies through Ireland, where they were liable to corporation tax
at lower rates.
Facebook was widely criticised after paying just PS4,327 in UK corporation tax
in 2014, while more than doubling its UK staff share bonus pot to PS35.4m.
Lord Lawson, chancellor in Margaret Thatcher's governments between 1983 and 1989, told the newspaper: "It is profoundly unsatisfactory that corporation tax
has to be collected from multinational corporations by a series of ad hoc compromise deals.