Good Corporate Citizens Don’t Take Cash From Taxpayers
Corporations using taxpayer dollars in order to succeed as a company, is this right or wrong?
Another word for this is corporate welfare, this is when the government chooses to give an allowance to a company and this comes from the taxpayers money. This proves that the money people spend on paying taxes is not only used to support societal benefits such as hospitals, schools, and infrastructure. Worst of all this money could be going from business to business as one company is paying their taxes legitimately but in turn the government is using those dollars to help another company.
Author Mark Milke stated that from 1994 to 2007 more than 200 billion dollars has been given to companies by the federal, provincial and municipal governments, meanwhile these companies don’t even list these allowances on their Corporate Social Responsibility (CSR) reports. This is a new system used to measure a company’s corporate social responsibility. Rather than using this money to invest in corporations the government should use this money to help out society and to further develop.
For example Industry Canada paid out 3.3 billion dollars in 2012 to P&WC which only have 6,200 employees, so if you divide that money across the company that it is over $500,000 each. However, the government received almost 500 million dollars in royalties from their investment.
Should these companies be adding this to their CSR reports?
Absolutely they should because they are only listing good things such a charitable donations and how they focus on employees well-being but if these investments were listed than maybe these companies would not be hitting peak ratings in annual reviews such as the “Best Corporate Citizens in Canada”.
http://www.huffingtonpost.ca/jordan-bateman/corporate-social-responsibility-taxation_b_4338080.html
Corporations using taxpayer dollars in order to succeed as a company, is this right or wrong?
Another word for this is corporate welfare, this is when the government chooses to give an allowance to a company and this comes from the taxpayers money. This proves that the money people spend on paying taxes is not only used to support societal benefits such as hospitals, schools, and infrastructure. Worst of all this money could be going from business to business as one company is paying their taxes legitimately but in turn the government is using those dollars to help another company.
Author Mark Milke stated that from 1994 to 2007 more than 200 billion dollars has been given to companies by the federal, provincial and municipal governments, meanwhile these companies don’t even list these allowances on their Corporate Social Responsibility (CSR) reports. This is a new system used to measure a company’s corporate social responsibility. Rather than using this money to invest in corporations the government should use this money to help out society and to further develop.
For example Industry Canada paid out 3.3 billion dollars in 2012 to P&WC which only have 6,200 employees, so if you divide that money across the company that it is over $500,000 each. However, the government received almost 500 million dollars in royalties from their investment.
Should these companies be adding this to their CSR reports?
Absolutely they should because they are only listing good things such a charitable donations and how they focus on employees well-being but if these investments were listed than maybe these companies would not be hitting peak ratings in annual reviews such as the “Best Corporate Citizens in Canada”.
http://www.huffingtonpost.ca/jordan-bateman/corporate-social-responsibility-taxation_b_4338080.html