25 signatures reached
To: Rishi Sunak and Alok Sharma
Windfall Tax on Large Companies to Support Small Business
Please sign the Petition to Demand a Windfall Tax
Place a Windfall Tax on extra profits earned by FTSE100 and FTSE250 companies, earned during the duration of the Pandemic.
Place a Windfall Tax on extra turnover from the UK operations, of overseas business.
Raise Corporation Tax to 25% for businesses, specifically set up to profit from the Pandemic.
Direct the extra tax revenue, towards supporting Small and Medium sized businesses, who have been impacted by lock down measures, and their furloughed employees.
Place a Windfall Tax on extra profits earned by FTSE100 and FTSE250 companies, earned during the duration of the Pandemic.
Place a Windfall Tax on extra turnover from the UK operations, of overseas business.
Raise Corporation Tax to 25% for businesses, specifically set up to profit from the Pandemic.
Direct the extra tax revenue, towards supporting Small and Medium sized businesses, who have been impacted by lock down measures, and their furloughed employees.
Why is this important?
Small businesses in retail, hospitality, leisure and entertainment sectors, are bearing the brunt of lock down measures.
On the run into Christmas, they will be pushed to the edge. Elsewhere some very large companies will be raking it in, and sucking up the expendable money in the economy. At the same time some opportunist businesses are making large profits from tax payer funded public services.
Government has introduced some measures to help businesses, their employees and the self-employed, but without further spending it is unlikely to be enough to save many small and medium sized businesses and the employees that depend on them.
When the money borrowed by Government needs to be repaid, a business as usual approach to taxation will see an increased burden on all of us, whether that be through increased taxation, or poorer public services.
It only seems fair that the largest companies, who will make the biggest profits during the Pandemic, should bear a greater proportion of that burden of taxation.
On the run into Christmas, they will be pushed to the edge. Elsewhere some very large companies will be raking it in, and sucking up the expendable money in the economy. At the same time some opportunist businesses are making large profits from tax payer funded public services.
Government has introduced some measures to help businesses, their employees and the self-employed, but without further spending it is unlikely to be enough to save many small and medium sized businesses and the employees that depend on them.
When the money borrowed by Government needs to be repaid, a business as usual approach to taxation will see an increased burden on all of us, whether that be through increased taxation, or poorer public services.
It only seems fair that the largest companies, who will make the biggest profits during the Pandemic, should bear a greater proportion of that burden of taxation.
How it will be delivered
I will email the signatures to both the Chancellor of the Exchequer (currently Rishi Sunak) and the Secretary of State for Business (currently Alok Sharma).
