Online Businesses: Tax Collections

Topic: Finance
Words: 277 Pages: 1

Like most people, I have had online purchases over the past few years. My purchases have increased because of the pandemic’s shift to the online platform’s business. The pandemic has disrupted many business activities, forcing sellers to shift online to maintain their sales. However, I believe that despite the predicaments that the covid-19 pandemic has caused to the business environment, the government should still levy taxes on the businesses carried out online. The government still needs money to run its operations. Even though the pandemic has disrupted business, it has not meant that the government has not stopped functioning. It has also not meant that the businesses have entirely stopped. They are at least continuing. The government should continue levying taxes on online businesses, especially those of higher retailers. Online businesses make money, after all.

The online platforms have enabled the sellers to reduce some of the costs of doing business that they used to have while selling through the physical platforms. For example, the cost of business rents has been eradicated. The cost of paying many employees has also gone down. The online business people have instead benefited from the fact that most consumers have gone online. The benefits that the online business people have received by these advantages have only turned into more profits. Why would they not give taxes to the government? At this moment, the government needs the taxes the most, perhaps more than ever before. The government has had its sources of revenues reduced like those sectors that involve foreigners visiting. Online businesses should take the initiative of cooperating with the tax officials to help the government,.which will, in turn, benefit everyone.

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