Part of the debate – in the Senedd at 5:20 pm on 11 October 2017.
Well, it is true that all business taxes, actually, are ultimately borne by consumers or other taxpayers than the businesses who are the conduit through which they are paid, because, if a business doesn’t have the money that it’s going to give to the taxing authorities in its own bank account, to spend either on investment within the business or developing its business or, indeed, to transmit to investors in the business by means of dividends, then of course other ways of spending the money are denied, and taxation is always a dead weight on the enterprise economy, although taxation, of course, is inescapable, like death, as we know. But what I—