Rejected petition Create a Windfall tax for those that have benefitted excessively from Covid-19.

Companies who have benefitted from the Covid-19 pandemic should have excess profit taxed at a special rate. A company that can be shown to have benefitted directly from Covid-19 would pay the standard rate of tax on profit equal to the pre Covid level. But a new rate of 85% on anything above.

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We have seen multiple examples of profiteering by certain companies as a direct result of the Covid-19 Pandemic. With excessive prices being charged for even the most basis supplies. PPE being an excellent example. Rather than taxing the majority who are already looking at a bleak foreseeable future, use a windfall tax that only takes into account the excess profit made as a direct result of the current medical situation. Raising revenue and discouraging profiteering.

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.

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You may wish to sign this petition which calls for the same action: https://petition.parliament.uk/petitions/555131

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 find 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: https://committees.parliament.uk/work/192/the-governments-response-to-coronavirus/

We only reject petitions that don’t meet the petition standards.

Date submitted 20 November 2020
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