Andrew Titchener from @CBItweets tells us that the headline rate of corporation tax is not as important to businesses as reliefs and incentives.
.@JudithFreedman tells us that there is no good rationale between taxing employed and self-employed people differently.
She added that resources that are spent on encouraging entrepreneurship should be better targeted and that tax is a crude way to incentivise risk-taking.
.@BillDodwellTax tells us that Parliament should decide who it wants to be employed and self-employed and that there should be a statutory test.
.@dcribb tells us that it's perverse to have the IR35 legislation coming in next year when the Government should be incentivising flexible working.
That's all for today - many thanks to all of our witnesses for taking part.
Tune in tomorrow at 2.30pm to watch our evidence session on the economics of lockdown and the regional economic impacts of #coronavirus.
Asked by @hbaldwin whether reduced rates of tax for self-employed people are justified, Charlotte Barbour (ICAS) said that it's hard to justify why people doing similar work pay different rates of tax.
John Cullinane (@CIOTNews) added: it's "hard to justify these differences."
.🗣️@emilyshuckburgh tells us that we've experienced what a global shock looks like with #coronavirus, adding that "the state of our climate, if we do not address that, is going to create a much greater global shock."
⏰One hour to go until our evidence session with Andrew Bailey, Governor of the Bank of England, alongside members of the Financial Policy Committee and Monetary Policy Committee.
📺Watch it live at 14:30 here👇
📺Here's the link to watch our evidence session with the Governor of the Bank of England live at 14:30 today: