PTE Summarize Written Text Task Sample 221

Read the passage below and summarize it using one sentence. Type your response in the box at the bottom of the screen. You have 10 minutes to finish this task. Your response will be judged on the quality of your writing and on how well your response presents the key points in the passage.

The Case for Increasing Corporate Taxation

The issue of corporate taxation is a subject of intense debate, with proponents arguing for higher taxes on corporations to address income inequality, fund public services, and promote economic fairness.

Corporations, often with vast resources, benefit from public infrastructure, educated workforces, and stable societies. Therefore, it’s argued that they should contribute more to support the communities in which they operate. Increasing corporate taxes can generate revenue to fund essential services such as education, healthcare, and infrastructure, benefiting society as a whole.

Moreover, higher corporate taxes can help address income inequality by redistributing wealth and ensuring that corporations pay their fair share. In recent years, there has been growing concern over the concentration of wealth among the wealthiest individuals and corporations, highlighting the need for a more equitable tax system.

Critics of increasing corporate taxes argue that it could stifle economic growth and discourage investment. They contend that higher taxes may lead corporations to relocate operations to countries with lower tax rates, resulting in job losses and reduced competitiveness.

However, studies have shown that the relationship between corporate tax rates and economic growth is complex, and moderate increases in corporate taxes are unlikely to have a significant negative impact on investment or employment.

In conclusion, increasing corporate taxes can help address pressing societal issues such as income inequality and underfunded public services. By ensuring that corporations pay their fair share, governments can promote economic fairness and invest in the well-being of their citizens.

Summary:

Advocates for increasing corporate taxation argue that it is essential to address income inequality, fund public services, and promote economic fairness, as corporations benefit from public infrastructure and educated workforces, while critics raise concerns about potential negative impacts on economic growth and competitiveness, though studies suggest moderate increases are unlikely to have significant adverse effects.