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Increase taxes on companies making super-normal profits to fund support for SMEs

Submitted on Thursday 14th May 2020

Rejected on Tuesday 28th July 2020

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Increase taxes on companies making super-normal profits to fund support for SMEs

Petition Details

The Government should increase taxes or create a new windfall tax for companies reporting super-normal profits since the outbreak of Coronavirus to fund support for small to medium businesses struggling due the Covid-19 crisis

Additional Information

The Government has announced it will be making over £300 billion available to protect businesses and others affected by Coronavirus and more may be needed. To prevent increasing the National Debt and to make the burden equitable, companies profiting from the Covid-19 crisis should be taxed to help cover these costs.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign these petitions instead:

Pass into law a windfall tax for all businesses that profit from coronavirus: petition.parliament.uk/petitions/306971

Implement a windfall tax on UK billionaires to fund effort to fight Covid-19: petition.parliament.uk/petitions/309220

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