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In: Economics

#9 Currently large multinational corporations pay zero dollars in taxes, yet they enjoy all of the...

#9

Currently large multinational corporations pay zero dollars in taxes, yet they enjoy all of the same benefits you enjoy as a result of paying your individual taxes. Do you believe that it is now time for these corporations to begin paying their fair share of taxes? Explain your answer.

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Yes I do believe that its time for multinational corporations to begin paying their fair share of taxes as currently large multinational corporations pay zero dollars in taxes, yet they enjoy all of the same benefits we enjoy as a result of paying our individual taxes it increases financial burden on government because MNCs enjoys services without paying taxes and also affect tax revenues negatively which is not good for the growth of the economy. If they will pay taxes than it will increase the revenue for government as the corporate share in federal tax revenues is already very low in US and the taxation will also control the increasing profits of MNCs as the increase profits of MNCs reduces welfare of the people and creates adverse effects on the functioning of economy due to the more money concentration with MNCs. the taxation on MNCs will also reduce the incresing monopoly of some big firms

Rahul Sunny answered 2 years ago
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