TAX THE CORPORATIONS!

Its a very hard climate for small businesses at the moment with a triple dip recession most small businesses are struggling to survive in these tough economic times, for big businesses its not so tough, why? because they pay as little as 1% tax on there profit, they use child labor and now with workfare some of their staff are working for their benefits at cost to the taxpayer and no cost to the corporation, is that fair? if normal people like you or me work we pay 10 % on £0-£2,710, 20 % on up to £34,370, 40% on £34,371 to £150,000 and 50 % Over £150,000 which is going down to 45% in April 2013!

Do people earning over £150000 per year need a tax cut? even worse it due to lobbying the government have created massive tax loopholes that allow big businesses to avoid paying most of their tax, companies like Apple, Tesco, Amazon, Walmart and News corporation pay as little as £1% tax on their profits, yet anyone that earns up to £2,710 pays 10% tax, a local business that makes £40000 per year pays £40% tax on their profit, when massive multi-billion pound corporations pay low wages using child labor that boarder lines slavery, get free labor paid for by the taxpayer and pay hardly any tax how are small local businesses going to compete with that? they’re not! and if they do they will get to a certain profit margin and be taken over by a massive corporation like Walkers crisps which is owned by Pepsi, Cadbury’s is owned by Kraft and  recently Coca Cola have taken over Innocent smoothies,  ”its capitalism, get over it” people always say but my point is, if these massive corporation were paying a fair amount of tax, like most small local businesses are and paying for there own staff, instead of exploiting the unemployed in Britain with work for benefits and even children in third world countries with ridiculously low wages, these corporations would not make such massive profits and that would make it harder for massive companies like Coca Cola, Pepsi and Kraft to take over successful smaller businesses like Walkers, Cadbury’s, and Innocent smoothies, it would be a step to preventing these billion pound corporations from having a massive monopoly and giving small local businesses a chance to compete.