Question

"Hello, This is exactely how the Home work has been given"

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A recent survey asked: Is it morally wrong for corporations to use tax havens? Its results: Most said yes. See http://environicsresearch.com/insights/nine-ten-canadians-think-morally-wrong-canadian-corporations-use-tax-havens-new-poll/. Delving deeper into the issue of tax avoidance, you will go beyond the news release. You will examine the polling data, not just the news release. You will round up the news coverage of the survey results. You will gain a sense of the public debates of tax avoidance in Canada. You will learn from relevant studies on tax justice in civil society by think tanks, governments and academics around the world. Making good use of your research, you will write a 100-word note starting with the following: It’s morally wrong for Canadian corporations to use tax havens because …. That is, you will start by completing the sentence and then you will make your most compelling argument in your submission. You only have 100 words so make one compelling argument and make it well.

Answer 1

It’s morally wrong for Canadian corporations to use tax havens because it involves the use of derivatives and other financial instruments not anticipated by the government as a tool for undue tax advantage. It is legitimate, but not to the spirit of the law. It is unethical on companies part. Companies should be socially responsible and pay a fair share of the tax liability to the government. Poll results shows that over 93% of Canadian Corporations on Toronto Stock Exchange are involved in tax havens causing a loss of $10-$15 billions per year. Any cuts in such government income impacts the growth of the economy and standard of living of individuals. Business should give back to the society in which they operate in, also called as Corporate Social Responsibility (CSR).