I really think companies who dodge taxes in poor countries should be punished harder.
Facebook, Google and Microsoft have been accused of failing to pay a fair amount of taxes in poor countries where governments are struggling to provide even basic healthcare or education to their citizens. I don’t understand that you can do something like this as a big company. They have a lot of money, yet they dodge taxes in poor countries where they really could use this money.
Second, the income lost from the tax gap could have been used to pay for more than 700,000 new teachers or 850,000 primary school teachers. The big companies avoided paying $2.8bn. Yes, I needed to read that again too.
Thirdly, imagine what these governments could do if big companies didn’t dodge taxes. For example, they could effort more nurses, better education systems and more food and so on. It’s really a shame that those big companies don’t pay their taxes. I truly find that they should be punished a lot harder.
So what I’m saying is that the big companies like Microsoft and Facebook who are dodging taxes in poor countries should be punished harder. With the money from tax dodging, governments of poor countries could have pay for more than 700,000 new teachers or 850,000 primary school teachers. Second, the income lost could have been used for so much things like for example to provide healthcare or better education for their citizens. I just don’t understand that you can do something like this, especially not when you are a big company with a lot of money. That’s why I truly believe that they should get punished harder. (Neate, 2020)
Source: Neate, R. (2020, October 26). Big tech accused of avoiding $2.8bn in tax to poorest countries. The Guardian, p. 2. Retrieved from https://www.theguardian.com/business/2020/oct/26/big-tech-accused-of-avoiding-28bn-in-tax-to-poorest-countries