'Corporation tax only plays a role in capital budgeting because of capital allowances.' Do you agree? Explain....

Question:

'Corporation tax only plays a role in because of capital allowances.' Do you agree? Explain.
Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...