Do corporations have
a role when it comes to citizenship?
Should corporations have a fiscal responsibility towards paying the
costs of government? To hear some on
the right, corporations should pay even lower taxes than at present even though
corporate tax receipts as a percentage of government revenue are at all time
lows. Many of those arguments are based
upon assertions that the corporate tax rates in the United States are among the
highest in the world. These arguments
however, fail take into consideration that the United States expends far more
in protecting the interests of both corporations and corporate personnel than
every other country in the world. There
are many who feel that the entire logic behind the war in Iraq was based upon
the protection of oil interests of mostly American owned corporations. It goes without saying that American
corporations such as Halliburton and the corporate subsidiaries of this company
profited from the Iraq war. It also
goes without saying that many corporations that actually did profit from the
wars in Iraq and Afghanistan were able to avoid paying U.S, federal income
taxes on those profits by moving their corporate headquarters offshore and
parking their profits off shore. The
real question is whether or not corporations have an obligation to be good
citizens. Should U.S. corporations
consider what might be best for the country when making corporate
decisions? At what point, if any,
should the needs of the country trump the desire for greater corporate
profits? Without the laws that enable a
business to incorporate, there would be no corporations. Without the tax laws that give thousands of
benefits to corporations and permit corporations to pay lower taxes than the
legal tax rate, corporate taxes receipts would be far greater. If the U.S. government did not aid in the
creation of various stock and commodity exchanges U.S. corporations would not
be so able to trade stock in their companies and individual stock owners would
not be able to derive significant income from the purchase and sale of
corporate stock. And, in the case of
many corporations, the sales of the products of those companies would be
severely curtailed without the various commodity exchanges. All of these benefits have costs that are
born by some phase of government. Who
should be responsible for paying these costs if not the corporations
themselves. Finally, do corporations have any responsibility to the city and
state where they locate? Should corporations be enabled so as to be able to
play one local against another inorder to get the most incentives to
relocate? Should corporations be
permitted to relocate out of the country in order to get lower labor
costs? If so, should the government
give corporations tax benefits or tax incentives to help offset the relocation costs?
At what point, if any, should “we, the
people” require corporations to act as good citizens just as we expect
individuals to do so?
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