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
85 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)
What is the formula for calculating the surface area of a rectangular solid?
+
Math question: "Find the absolute extrema of the function f(x) = x^3 - 6x^2 + 9x + 2 on the closed interval [0, 5]."
+
Question: What is the limit as x approaches infinity of (2x^3 + 5x^2 - x + 3)/(x^3 + 6x^2 + x - 2)?
+
New questions in Mathematics
5/8 x 64
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?
If O(3,-2) is reflected across x = 2. What are the coordinates of O
Suppose a large shipment of cell phones contain 21% defective. If the sample of size 204 is selected, what is the probability that the sample proportion will differ from the population proportion by less than 4% round your answer to four decimal places
Suppose SAT reading scores are normally distributed with a mean of 496 and a standard deviation of 109. The University plans towards scholarships for students who scores are in the top 7%. What is the minimum score required for the scholarship round your answer to the nearest whole number.
"If three wolves catch three rabbits in three hours, how many wolves would it take to catch a hundred rabbits in a hundred hours?" The answer is the number of response units.
Divide 22 by 5 solve it by array and an area model
Sean must chose a 6- digit PIN number for his online banking account.Each digit can be chosen from 0 to 9. How many different possible PIN numbers can sean chose.
15/5+7-5
The Humane Society has asked for our help again this week. Currently they are charging $50 for an adoption fee. Unfortunately they just pulled this number out of the air and do not know why they are charging this amount. They would like to charge an amount that covers all the adoption costs – both the variable costs for adoptions as well as the fixed cost for the kennel portion of the Humane Shelter operations. We can help them by doing a breakeven analysis. During a client meeting we gathered these facts. There are 2 part-time employees that each earn $1000 per month. The utilities for the kennel area (water, electricity) are $200 per month. The average food cost for animals in the kennel is $800 per month. In addition, each animal that is adopted receives a rabies vaccination that costs $4 and is micro-chipped that costs $6. At the current cost of $50, how many animals must be adopted to break-even? What would break-even be at a $60 adoption fee? What would break-even be if the fee were lowered to $40? The newspaper has suggested that the Humane Society advertise to increase pet adoptions. The package that they have recommended costs $1000 for a very small ad run every day for a month. If the Humane Society does this extra advertising, how will it affect breakeven? Based on what you have learned about elasticity, what price do you recommend for the adoption fee?
Scores are normally distributed with a mean of 25 and standard deviation of 5. Find the probability that sixteen randomly selected students have a mean score that is less than 24.
Determine the reduced form of the slope equation equal to 2
MAKING AN ARGUMENT You use synthetic division to divide f(x) by (x − a) and find that the remainder equals 15. Your friend concludes that f (15) = a. Is your friend correct? Explain your reasoning.
Calculate the difference between 407 and 27
Build a truth table for the statement ~(pvq)^~p
Log0
A given initial capital in simple interest at the annual rate and for 27 months produced the accumulated capital of 6600 um if the same capital had been invested at the same rate but during 28 months the said accumulated capital would be increased in an amount corresponding to 0.75% of the initial capital Calculate the initial capital and the annual rate at which it was invested
25) Paulo saves R$250.00 per month and keeps the money in a safe in his own home. At the end of 12 months, deposit the total saved into the savings account. Consider that, each year, deposits are always carried out on the same day and month; the annual yield on the savings account is 7%; and, the yield total is obtained by the interest compounding process. So, the amount that Paulo will have in his savings account after 3 years, from the moment you started saving part of your money monthly, it will be A) R$6,644.70. B) R$ 9,210.00. C) R$ 9,644.70. D) R$ 10,319.83. E) R$ 13,319.83
the product of a 2-digit number and a 3-digit number is about 50000, what are these numbers
To apply a diagnostic test, in how many ways can 14 students be chosen out of 25? if the order does not matter