1. Consider each of the following points of view and comment on how each point is valid and how each point is flawed: a. Corporations should keep more of their profits (i.e., pay less in tax) because they have a greater ability to use those profits for societal good than the government. b. Corporations cannot be trusted to responsibly use their profits for societal good. The government is better able to distribute those profits in a way that maximizes societal good, so the government should take more (i.e., corporations should pay more in tax) from the corporations Please answer each point or view separately in detail. I would appreciate it.

1. Consider each of the following points of view and comment on how each point is valid and how each point is flawed: a. Corporations should keep more of their profits (i.e., pay less in tax) because they have a greater ability to use those profits for societal good than the government. b. Corporations cannot be trusted to responsibly use their profits for societal good. The government is better able to distribute those profits in a way that maximizes societal good, so the government should take more (i.e., corporations should pay more in tax) from the corporations Please answer each point or view separately in detail. I would appreciate it.

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter2: Ethics & Governance Scandals

Section: Chapter Questions

Problem 4.7EC

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Question

1. Consider each of the following points of view and comment on how each point is valid and how each point is flawed:

a. Corporations should keep more of their profits (i.e., pay less in tax) because they have a greater ability to use those profits for societal good than the government.

b. Corporations cannot be trusted to responsibly use their profits for societal good. The government is better able to distribute those profits in a way that maximizes societal good, so the government should take more (i.e., corporations should pay more in tax) from the corporations

Please answer each point or view separately in detail. I would appreciate it.

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