Interview with Amber Rudd and Barry Gardiner PT3

The transcript discusses the distribution of tax burdens, focusing on the top 5% and corporations, and critiques the Labor Party's economic proposals. It compares historical and proposed corporation tax rates, highlighting Margaret Thatcher's policies. The impact of tax cuts on investment and economic growth is analyzed, with a focus on shareholder dividends. Future tax plans aim to reduce corporation tax to attract investment and boost the economy, with a goal of maintaining low unemployment rates.

Who is primarily affected by the proposed tax changes?

• The entire population

• The top 5% of earners and corporations

• Middle-income families

• Small businesses

What is the historical highest level of corporation tax mentioned?

• 26%

• 52%

• 34%

• 19%

What was the corporation tax rate in 2010?

• 34%

• 28%

• 19%

• 52%

What has been the effect of reduced corporation tax on company investments?

• Significant economic growth

• Increased investment in research and development

• Companies sitting on cash and distributing dividends

• Higher employment rates

What is the proposed corporation tax rate by 2020?

• 17%

• 26%

• 34%

• 52%