This petition was submitted during the 2019-2024 parliament
Rejected petition Increase tax on companies generating greater profits during the Covid19 pandemic
I would like the government to increase corporation tax on profits generated beyond a baseline level for individual companies e.g. comparison to period (unaffected) period. I understand measuring if Covid19 has directly increased profits will be difficult due to a number of dynamic factors
More details
Some industry sectors will increase their profits from this covid19 pandemic (food, medical, etc) whilst others are unable to trade. The government has tried to redress this imbalance with a number of measures (80% of salaries paid etc) but this does not reduce the bill to the tax player or lessen an negative economic impacts. The increased profits from companies who do benefit could be used to offset some of the cost of government support and help support the economy as a whole
This petition was rejected
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition calling for the same action: https://petition.parliament.uk/petitions/306971
You can find out more about coronavirus and how you can protect yourself and others here:
www.gov.uk/coronavirus
https://www.nhs.uk/conditions/coronavirus-covid-19/
The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: https://www.gov.uk/find-coronavirus-support
You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
You can read impartial analysis of the Government response to coronavirus and policy developments here:
https://commonslibrary.parliament.uk/coronavirus/
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: https://committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/
Read letters asking further questions of Government Ministers: https://committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
We only reject petitions that don’t meet the petition standards.