It isn't that simple. There isn't a linear relationship between the tax % and the revenue to the treasury. Lower taxes encourage more companies to set up in the UK.
We saw this recently in the UK when the top rate of income tax was raised to 50% and the income to the treasury actually fell.
We saw this recently in the UK when the top rate of income tax was raised to 50% and the income to the treasury actually fell.
https://en.wikipedia.org/wiki/Laffer_curve