{"id":64670,"date":"2022-09-08T10:08:45","date_gmt":"2022-09-08T09:08:45","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=64670"},"modified":"2022-09-08T10:08:45","modified_gmt":"2022-09-08T09:08:45","slug":"tax-cuts-have-not-driven-investment-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/09\/08\/tax-cuts-have-not-driven-investment-in-the-uk\/","title":{"rendered":"Tax cuts have not driven investment in the UK"},"content":{"rendered":"<p>Truss claims that corporation tax cuts induce foreign direct investment in the UK.<\/p>\n<p>This chart of FDI is <a href=\"https:\/\/data.worldbank.org\/indicator\/BX.KLT.DINV.CD.WD?locations=GB\" target=\"_blank\" rel=\"noopener noreferrer\">from the World Bank<\/a>:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-64671\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-08-at-10.02.10-550x509.png\" alt=\"\" width=\"550\" height=\"509\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-08-at-10.02.10-550x509.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-08-at-10.02.10-324x300.png 324w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-08-at-10.02.10-768x711.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-08-at-10.02.10-432x400.png 432w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2022\/09\/Screenshot-2022-09-08-at-10.02.10.png 1310w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>The data is adjusted for inflation.<\/p>\n<p>Tory tax cuts appear to have been an abject failure on this criteria, one freak year apart.<\/p>\n<p>Maybe we should go back to Labour's rates? They seemed to work if tax is the driver of FDI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Truss claims that corporation tax cuts induce foreign direct investment in the UK. This chart of FDI is from the World Bank: The data is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2022\/09\/08\/tax-cuts-have-not-driven-investment-in-the-uk\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-64670","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/64670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=64670"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/64670\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=64670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=64670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=64670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}