Press Enter

Share with your friends and help them crack UPSC!

Or Share on

Answer

Correct Option is All are correct

(i) Raising the corporate income tax from 19 per cent to 26 per cent, as Corbyn proposes, would bring it to the average rate among rich countries, but it would still be well short of the ta-rate during Britain’s best growth years, which were in the 1960s and 1970s.
(ii)Despite bringing corporate income tax to the average rate among rich countries by raising it from 19 per cent to 26 per cent on Corbyn’s proposal, it would still be well short of the ta-rate during Britain’s best growth years, which were in the 1960s and 1970s.
(iii)Though the proposal by Corbyn to raise the corporate income tax from 19 per cent to 26 per cent would bring it to the average rate among rich countries, it would still be well short of the ta-rate during Britain’s best growth years, which were in the 1960s and 1970s. 

Get access to all of our verified questions