In the UK, tax thresholds that stay fixed during high inflation can quietly reduce business profits. When the government chooses not to raise tax bands while wages and profits rise, more people and companies are pushed into higher tax brackets. This happens even when tax rates don’t change. For businesses, this silent shift can mean higher tax bills, lower retained earnings, and slow... https://www.meruaccounting.com/frozen-tax-thresholds-will-hit-your-profits/