Question

Read the “Local Communities as Stakeholders: Does Amazon Really Need Tax Breaks?” example on p. 83 in Ch. 3 of Management: A Practical Introduction. In your response, discuss whether you feel that tax breaks for big companies benefit local communities. Describe ways to attract business to a region without having a negative impact on the larger community.

268

likes
1338 views

Answer to a math question Read the “Local Communities as Stakeholders: Does Amazon Really Need Tax Breaks?” example on p. 83 in Ch. 3 of Management: A Practical Introduction. In your response, discuss whether you feel that tax breaks for big companies benefit local communities. Describe ways to attract business to a region without having a negative impact on the larger community.

Expert avatar
Nash
4.9
42 Answers
To discuss whether tax breaks for big companies benefit local communities, we need to consider their potential effects. Tax breaks for big companies can attract businesses to a region and create job opportunities, as companies may choose to expand or set up new facilities due to the financial incentives. This can lead to economic growth and increased revenue for the local government through taxes paid by these companies and their employees.

However, there are arguments against providing tax breaks to big companies. Critics argue that these tax breaks may not necessarily lead to long-term benefits for the local community. Some companies may take advantage of the tax breaks without significantly contributing to the local economy or creating jobs. Moreover, these tax breaks can result in a loss of tax revenue for the local government, which may impact the funding of essential public services and infrastructure improvements.

To attract businesses to a region without having a negative impact on the larger community, alternative approaches can be considered. Here are some ways to achieve this:

1. Invest in infrastructure: Improving the region's infrastructure, such as transportation networks, utilities, and broadband connectivity, can make the area more attractive to businesses without relying solely on tax incentives.

2. Foster a skilled workforce: Developing programs and partnerships with educational institutions to train and equip locals with the skills needed by businesses can be an effective way to attract companies to the region. This can provide companies with a ready pool of talent, which can be a more sustainable advantage than tax breaks.

3. Provide business-friendly support services: Offering streamlined permitting processes, access to business support networks, and resources for entrepreneurs can make a region more attractive to companies.

4. Encourage entrepreneurship and innovation: Promoting an environment that fosters innovation and entrepreneurship can attract businesses and startups to the region. This can be achieved through incentives for research and development, access to funding, and support from local government and economic development organizations.

In conclusion, tax breaks for big companies can have both positive and negative effects on local communities. While they may attract businesses and stimulate economic growth, they can also result in a loss of tax revenue and questionable long-term benefits. To attract businesses without negatively impacting the larger community, alternative approaches such as investing in infrastructure, fostering a skilled workforce, providing business-friendly support services, and encouraging entrepreneurship and innovation can be effective strategies.

Answer: Tax breaks for big companies can attract businesses and create job opportunities in a region. However, their long-term benefits and impact on the larger community should be carefully evaluated. Alternative approaches like investing in infrastructure, fostering a skilled workforce, providing business-friendly services, and encouraging entrepreneurship can attract businesses without negative effects on the community.

Frequently asked questions (FAQs)
Math Question: What is the value of the function f(x) = 3x² + 2x - 5 when x = 4?
+
What is the variance of the dataset [3, 6, 9, 12, 15] when calculating with population formula?
+
Math Question: What is the total surface area of a sphere if its radius is 8 units?
+
New questions in Mathematics
given cos26=k find cos13
5 squirrels were found to have an average weight of 9.3 ounces with a sample standard deviation is 1.1. Find the 95% confidence interval of the true mean weight
Karina has a plot of 5,000 square meters in which she has decided that 60% of it will be used to plant vegetables. Of this part, 12% will be dedicated to planting lettuce. How much surface area of the plot will be used for cultivation?
A car that starts from rest moves for 11 min, reaching a speed of 135 km/h, calculate the acceleration it had
Moaz wanted to test whether the level of headache pain (on a scale of 1 – 10) changes after taking Advil. He collected data from 9 participants and calculated the difference in headache pain before and after taking Advil (summarized in the table below). Determine W observed for this test. Difference Scores -2 -4 0 +1 +3 -2 0 -3 -5 Also, What is the degrees of freedom for this test?
All the liquid contained in a barrel is distributed into 96 equal glasses up to its maximum capacity. We want to pour the same amount of liquid from another barrel identical to the previous one into glasses identical to those used, but only up to 3/4 of its capacity. How many more glasses will be needed for this?
Find the sum of the first 41 terms of the progression that begins: 32, 24, 16, …
is the x element (180,270), if tanx-3cotx=2, sinx ?
There are four times as many roses as tulips in Claire’s garden. Claire picked half of the number of roses and 140 roses were left in the garden. How many roses and tulips were in the Garden the first?
How many anagrams of the word SROMEC there that do not contain STROM, MOST, MOC or CEST as a subword? By subword is meant anything that is created by omitting some letters - for example, the word EMROSCT contains both MOC and MOST as subwords.
User Before the election, a poll of 60 voters found the proportion who support the Green candidate to be 25%. Calculate the 90% confidence interval for the population parameter. (Give your answers as a PERCENTAGE rounded to TWO DECIMAL PLACES: exclude any trailing zeros and DO NOT INSERT THE % SIGN) Give the lower limit of the 90% confidence interval Give the upper limit of the 90% confidence interval
If a|-7 and a|9, then a|-63
factor the polynomial completely over the set of complex numbers b(x)=x^4-2x^3-17x^2+4x+30
How to factorise 5y^2 -7y -52
A house located within the city limits has a current market value of $325,000 according to a recent appraisal. The assessed value from the last county wide tax valuation is $272,475. The tax rate is $0.36 per hundred for the county and $0.72 per hundred for the city. What is the total annual property tax liability on the property? $2340 $3510 $1962 $2943
The area bounded by the curve y=ln(x) and the lines x=1 and x=4 above the x−axis is
Calculate NPV, IRR and PAYBACK through a cash flow for a period of five years, with discount rate of: a) 10% b) 12% c) 15% initial annual cost $41,400,000
the length of the fenced in area is to be 5 ft greater than the width and the total amount of fencing to be used is 89 ft find the width and length
x(squared) -8x=0
A plant found at the bottom of a lake doubles in size every 10 days. Yeah It is known that in 300 days it has covered the entire lake, indicate how many days it will take to cover the entire lake four similar plants.