Common Tax Base will cost each person in the UK £1,200

Damon Lambert reports in a Bruges Group pamphlet: “Over a 10 year period the Common Consolidated Corporate Tax Base (CCCTB) will reduce the UK’s GDP by £73 billion, costing each person living in the UK £1,200, equivalent to UK taxpayers having to pay a 1.5p increase in the basic rate of income tax for each of those years or each UK inhabitant paying over £1,200 each. Furthermore, the CCCTB would mean that Britain would lose a total of £58.4 billion of investment over that period.” Read the report here.