Personally, I wouldn’t mind paying for Woodford Reserve. It’s excellent stuff. They will have no choice but to raise prices, but whether the public will accept that is yet to be seen.
Some businesses, those that are able to take advantage of accounting gimmicks and loopholes, will see their taxes go up. Others, who have no such loopholes, will see their taxes going down.
I suspect a lot more businesses will benefit from lower rates than will be burdened by loss of loopholes.