Should big companies be trying to escape paying tax?

Featured image Big Corp Power 5

At the moment most of the big companies who already have trillions of pounds are not paying tax - or paying a lot less than they could be because of legal "loop holes". A loop hole is when you find a bend in a rule that lets you get around doing something.

Tax is where people pay money to the government so that they can pay for public servicies - like healthcare and schools.

Most people think that that big corporations not paying as much tax as they could is a bad thing as other small companies or just ordinary people have to pay tax - but the people/corporations that have all of the money and have more than enough are legally escaping paying tax by moving money to places where the rules make people pay less tax.

The main thing I wanted to now is what is your personal perspective on what these companies are doing and there is no right or wrong answer. Just because it is legal, does this make it the right thing to do?

My personal perspective is that this is bad because if there is almost everyone in the world having to pay tax then why don't these people who don't need anymore money escape paying tax.

Comments (28)

  • British Council.jpg impartial_lute | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    21 Jan 2022

    very important topic,
    I agree with you that it is a serious matter because it creates an imbalance in tax justice
    In my opinion, it must be agreed upon in all countries, and the approval of major companies must include a certain percentage as a minimum for the payment of taxes, because taxes are what helps the government of any country in financing its institutions.

  • British Council.jpg appreciative_pear | Shouka Prep Girls School | Occupied Palestinian Territory
    21 Jan 2022

    I think that if companies want to escape from taxes, they should donate money to foundations and charities, or if companies don't want to pay taxes or donate, then governments should block or close companies.

  • British Council.jpg aware_painting | Shouka Prep Girls School | Occupied Palestinian Territory
    21 Jan 2022

    What companies do in terms of tax evasion is nothing but companies abandoning their responsibilities towards countries and peoples. Those taxes are a line of financial supply that nourishes many aspects of life, and it is one of the pillars of building the state and the foundations of peoples, from providing health, social, educational and economic services. Taxes are an important pillar, so the need for them is more important, and the lack of commitment to them is the weakness of the state and the weakness of providing services to people.. Companies must realize that paying taxes makes them a partner with the state in the field of development..and that evasion in paying taxes makes it a spoiler for development and development. It belongs to its countries and works to build and develop it by paying the taxes due on it, and not for tax evasion

  • British Council.jpg supportive_literature | Jabalia Prep Girls A School | Occupied Palestinian Territory
    23 Jan 2022

    It is really bad, it would be unfair if one of them paid taxes and another did not, and the worst thing is that the one who does not pay taxes is the one who will not be affected to pay them, I think companies should pay more taxes than ordinary people.

  • British Council.jpg wondrous_flight | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    24 Jan 2022

    Your topic is very nice.
    The companies that evade paying the necessary taxes should not evade by doing so, and a law must be passed on this.
    From my point of view, this is not the fault of ordinary people or companies, but rather the fault of the government, which does not follow the work of its companies and citizens, and which does not care about them, so the following must be done:
    1- Making a new law to pay taxes in full, and whoever does not do so will have a penalty
    2- Appointing a person in each region in each government to collect taxes from everyone
    3- Going all taxes to the head of state so that he knows what are the criteria for everything
    4- Punishing companies and people who did not pay taxes, except for the poor

    (This is from my point of view )

    1. Cheam Fields logo excellent_solution | Cheam Fields Primary Academy A | United Kingdom
      wondrous_flight's comment 18 Mar 2022

      I agree with what you are saying by giving these companies punishments as this is something that needs to be noticed by governments but how do you feel these big cooperations will feel with these punishments if they do come true.

  • Cheam Fields logo articulate_rock | Cheam Fields Primary Academy A | United Kingdom
    25 Jan 2022

    I really like your topic.
    It is such a good question and very important because it is unfair that they are trying to dodge taxes.
    In my point of view, in is wrong what they are doing as it is not fair that some should pay taxes, yet others don't.

    1. katie.jpg Katie @ Topical Talk
      articulate_rock's comment 25 Jan 2022

      Thanks for joining the conversation, articulate_rock. Do you think that everyone should face the same rules about tax? Or do you think there should be different rules for everyone? For example, the mega-rich?

      1. Cheam Fields logo articulate_rock | Cheam Fields Primary Academy A | United Kingdom
        Katie @ Topical Talk's comment 25 Jan 2022

        Well, I think that everyone should have to pay the same amount of tax because, someone might be mega-rich, but they might have done a lot of good things to get to it, let's say that they had invented a cure for an illness, so they would have done something good, and had simply been rewarded for their hard work. Even if it was for a mega-rich person who had just inherited lots of money, still, I think that, that person should not pay extra, because that money is rightfully theirs.

  • British Council.jpg radical_beetle | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    29 Jan 2022

    I say that this is a very thing, because this is called deception and fraud, and these are very bad qualities, but this violates the percentage of money that the government pays to public interests such as hospitals or schools, and thus the poor quality of the thing it provides

  • British Council.jpg articulate_antelope | Beit Hanoun Prep Girls A School | Occupied Palestinian Territory
    31 Jan 2022

    Paying taxes should be equal. When one person pays taxes and the other pays taxes also, equality occurs between people. This is what brings luck and brings success to companies. As for the unjust government that takes from people from people it does not take in this thing is completely unacceptable and we must chase this government that will work To destroy this company, we must support the government to take people equally and seriously.

  • British Council.jpg dazzling_meerkat | Marka Prep. Girls School 2 | Jordan
    26 Feb 2022

    It is a very important issue. I think that companies that can pay taxes should pay them because these taxes are a source of state funding.

  • Cheam Fields logo content_badger | Cheam Fields Primary Academy A | United Kingdom
    16 Mar 2022

    I don't think that it is fair that big corps are allowed to play less tax than normal people.
    I think this because, even though it is legal, it does not mean that it is the right think to do. If we have to pay more tax than big corporations, it will not be fair and will not go together. If this continues, the amount of money big corps will have to pay will get lower and lower until there is a lot of money there and they don't need to give tax anymore. It is just not fair for us!
    This is the reason why I think that it is very unfair.

    1. Cheam Fields logo excellent_solution | Cheam Fields Primary Academy A | United Kingdom
      content_badger's comment 17 Mar 2022

      I like the way that you have answered the question and then backed it up with a good explination

      1. katie.jpg Katie @ Topical Talk
        excellent_solution's comment 17 Mar 2022

        This is great feedback, excellent_solution! It shows that you really listened to what someone else was saying too. Why is it sometimes important to just talk about someone else's point rather than just adding another idea?

  • British Council.jpg intuitive_dinosaur | Pentecost School Madina | Ghana
    17 Mar 2022

    These big companies know the right thing but tend to ignore the fact that there are homeless people on the street begging for money but with the tax from these big companies the number of people on the street will be reduced

  • British Council.jpg intuitive_dinosaur | Pentecost School Madina | Ghana
    17 Mar 2022

    Just because their companies are big it does not mean they are better than us

  • British Council.jpg grounded_idea | Pentecost School Madina | Ghana
    17 Mar 2022

    I do not think what big companies are doing is right what about you ?

  • British Council.jpg passionate_revolution | Pentecost School Madina | Ghana
    17 Mar 2022

    I think big corps should rather pay more than normal people
    Thanks for this educative post.

  • British Council.jpg vivacious_television | Pentecost School Madina | Ghana
    23 Mar 2022

    These big companies know the right thing but tend to ignore the fact that there are homeless people on the street begging for money but with the tax from these big companies the number of people on the street will be reduced

  • British Council.jpg thoughtful_trombone | Pentecost School Madina | Ghana
    23 Mar 2022

    I think ordinary people should pay less and big dogs or bosses should pay higher than every one

  • British Council.jpg responsible_flight | Pentecost School Madina | Ghana
    23 Mar 2022

    I think they should pay a little bit more than normal people

    1. Cheam Fields logo excellent_solution | Cheam Fields Primary Academy A | United Kingdom
      responsible_flight's comment 23 Mar 2022

      With all the money these Big companies have compared to normal people do you really think just a little bit more tax being payed by the big companies is fair considering amazon has billions of pounds and the average household has just a fraction of that.

  • British Council.jpg vivacious_television | Pentecost School Madina | Ghana
    24 Mar 2022

    These big companies know the right thing but tend to ignore the fact that there are homeless people on the street begging for money but with the tax from these big companies the number of people on the street will be reduced

  • British Council.jpg vivacious_television | Pentecost School Madina | Ghana
    24 Mar 2022

    I think that if companies want to escape from taxes, they should donate money to foundations and charities, or if companies don't want to pay taxes or donate, then governments should block or close companies.

  • British Council.jpg vivacious_television | Pentecost School Madina | Ghana
    24 Mar 2022

    I think that if companies want to escape from taxes, they should donate money to foundations and charities, or if companies don't want to pay taxes or donate, then governments should block or close companies.

  • British Council.jpg secure_seed | Beitsurik Girls Basic School | Occupied Palestinian Territory
    04 Apr 2022

    In my opinion, if large companies do not want to pay taxes, they must pay money to charitable organizations. This is the simplest solution, but there must be global intervention, meaning that all countries impose taxes on their companies because in the end the money will not go Except to help people who need help, yes this is my opinion 💜🌙

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