Some people argue that higher taxes should be collected from industries causing higher industrial pollution, whereas others argue that there are better ways to deal with it. Discuss both view and give opinion v.2
Some people argue that higher taxes should be collected from industries causing higher industrial pollution, whereas others argue that there are better ways to deal with it. 2
In today’s industrialized world where environmental pollution caused by industries have reached unprecedented levels. To encounter this, certain section of the society recommends imposing higher corporate taxes. Whereas, others have contrasting views, of imposing threshold pollution levels irrespective of taxes. In my opinion, imposing additional taxes is a good option. However, for optimum results, a combination of both stricter policies alongside higher taxes must be imposed.
Firstly, tax revenues generated from industries can be better utilized by governments on repairing the damages made to the environment. Furthermore, money from taxes can be utilized in research activities, with an aim of reducing pollution. Secondly, as a result of mandating higher taxation policies, companies shall strive to improvise the production processes, with an aim of reducing the pollution. Consequently, pollution would be drastically reduced at first place. For instance, Coal India which is India’s largest producer of coal, has successfully re-engineered the coal production process, as a result of strict financial repercussions from government.
On the other hand, simple step of imposing higher taxes is not an optimum solution, as in current competitive world, companies can exploit this policy by multiplying the production without considering the environmental damages, as long as they are capable of paying increased tax rates. This trend would have devastating results in longer run. For instance, plastic products are known to be biggest destructor of ecosystem, at the same time it highly lucrative business. Therefore, allowing plastic producers to produce plastic without restrictions can lead to serious environmental destructions.
To conclude, even though collecting higher taxes on environmental grounds is a good option. However, a maximum threshold of allowed pollution must be imposed on industries. More importantly, such a fine balance between tax and threshold would allow governments to come up with solutions to fight back the calculated the expected threshold level of pollution.
In
today
’s industrialized world where
environmental
pollution
caused by industries have reached unprecedented levels. To encounter this, certain section of the society recommends
imposing
higher corporate
taxes
. Whereas, others have contrasting views, of
imposing
threshold
pollution
levels irrespective of
taxes
. In my opinion,
imposing
additional
taxes
is a
good
option.
However
, for optimum
results
, a combination of both stricter policies alongside higher
taxes
must
be imposed
.
Firstly
,
tax
revenues generated from industries can be better utilized by
governments
on repairing the damages made to the environment.
Furthermore
, money from
taxes
can
be utilized
in research activities, with an aim of reducing
pollution
.
Secondly
, as a
result
of mandating higher taxation policies,
companies
shall strive to improvise the production processes, with an aim of reducing the
pollution
.
Consequently
,
pollution
would be
drastically
reduced
at
first
place.
For instance
, Coal India which is India’s largest producer of coal, has
successfully
re-engineered the coal production process, as a
result
of strict financial repercussions from
government
.
On the other hand
, simple step of
imposing
higher
taxes
is not an optimum solution, as in
current
competitive world,
companies
can exploit this policy by multiplying the production without considering the
environmental
damages, as long as they are capable of paying increased
tax
rates. This trend would have devastating
results
in longer run.
For instance
, plastic products
are known
to be
biggest
destructor
of ecosystem, at the same time it
highly
lucrative business.
Therefore
, allowing plastic producers to produce plastic without restrictions can lead to serious
environmental
destructions
.
To conclude
,
even though
collecting higher
taxes
on
environmental
grounds is a
good
option.
However
, a maximum
threshold
of
allowed
pollution
must
be imposed
on industries. More
importantly
, such a fine balance between
tax
and
threshold
would
allow
governments
to
come
up with solutions to fight back the calculated the
expected
threshold
level of
pollution
.
17Linking words, meeting the goal of 7 or more
33Repeated words, meeting the goal of 3 or fewer
3Mistakes