DER Comment: “Corporate welfare is part of what Cameron calls his government’s policy to make the UK the most open, welcoming, business-friendly country in the world. He listed the great incentives for businesses to come to the UK in a document published last September for UK Trade & Investment (UKTI) – a government department working to help British businesses succeed abroad and to woo overseas investors.
These incentives included, he said, the lowest corporation tax rate anywhere in the G7, tax exemptions for research and direct government support.
Yet while the state is giving private companies an increasing amount in direct handouts, the money repaid in corporate taxation is falling almost year upon year. In the financial year 2012-13, the government spent £58.2 billion on subsidies, grants and corporate tax benefits. It took just £41.3 billion in corporation tax receipts”
The £93bn handshake: businesses pocket huge subsidies and tax breaks
Corporate Welfare
http://www.theguardian.com/politics/2015/jul/07/corporate-welfare-a-93bn-handshake
ukgovernmentwatch 