Fortunately, the government is still able to afford cuts to corporation tax, to help those who "need it most".
Corporation Tax is a tax on profits, not a tax on money leaving a company and going into someone's pocket. Reducing CT means that more money can be retained in a Company and used for growth - or just for keeping a company going while times are tough.
Some of us set up our own companies, worked 80 to 100 hours per week for several years, put our houses on the line to finance it. You will not hear any objections from me to paying tax on my income but CT has always been frustrating.
I hear so much on the news deriding company owners but the majority of us play fair and pay sensible salaries. For those that are lucky enough to have enough left over to pay themselves a good salary, why not, they probably put the hours in and took the risks - risks that not many others would dare to take.
We have been royally stuffed by Brexit and had we not been paying much CT over the last few years would have been in a much better financial position to ride it out.
It's only a couple of years since I paid more Corporation Tax than Facebook. Weirdly I wasn't able to also pay the same £35m in bonuses during that period. Maybe my "profits" were lower than those of the internet monolith? Maybe I wasn't working enough hours growing my own business?