Home › Messageboards › Watercooler Chat › How should the Covid-19 bill be paid back?
Frances.
AnnieWe’re all struggling right now, so the Government is handing out a LOT of money to support the economy and stop everything from going bust.
These billions of pounds will need to be paid back eventually though – so what do you think is the best way of doing it? A one-off wealth tax? Increased income tax? A new tax type altogether?
Tell us what you think! How should the Government recoup the costs of the coronavirus bill in the years to come?
clairei have no idea, i dont understand what this is about. iv never paid tax. where does the money come from in the first place for anything? didnt know there was different types of tax. what is the covid19 bill? i hope they dont take the money outa the funds for the vulnerable (disabled, sick, mental health, nhs, kids/school, elderly, care) who created tax? what does it do?
FrancesWe could start clawing some of this money back by making laws which ensure that big companies pay tax in the countries where they make their money.
Companies such as Amazon, Apple, Ebay, Facebook and others are making vast amounts of money by using legal tax loopholes which allow them to pay minute amounts of tax in other countries.
The UK (and other countries)would receive huge sums of tax, which would also help smaller companies to compete on a level playing field.
I think we have all had enough of the austerity measures of the past ten years, it will be interesting to see what measures the chancellor Rishi Sunak, has up his sleeve in the Autumn budget.
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