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Could you afford a tax hike after the coronavirus pandemic?

Needhelp

Needhelp

Active Member
Verified Member
It is inevitable corporation and personal taxation will increase in the aftermath of the coronavirus pandemic. The question is, with many companies reporting frail balance sheets as a consequence of the huge downturn in business, could you afford a tax hike after the coronavirus pandemic?
 
E

Employer

Member
Verified Member
This is a Catch-22 situation, there is obviously a need to reset government finances and bring in additional funding to cover the huge coronavirus-related expenses but businesses will take some time to recover. Draining them of vital cash flow in the short term, while hopefully business starts to pick up, could kill many companies stone dead before they even get out of the starting blocks.
 
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