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Question 1. Food and Globalization: Coffee/ Chocolate Group 1 Hyperlink

Wong Yuk Ping/ Hung Tak Chun/ Cheung Ka Wai   

• How does globalization affect their industries or the nature of their business?
• Who are the stakeholders?
• Which Multi-national Corporations are involved?
• Have the farmers receive a fair return for their labor?
• What has been done/should be done to address global justice here?


Question 2. Tax Avoidance of Multinational Corporations   Group 2 Hyperlink

Chan Siu Fung Rico/ Lai Wai Ching

• Explain the link between corporate social responsibility and corporate tax avoidance.
• Explain the idea of  tax avoidance, especially the issues of base erosion and profit shifting (the basic tools of tax avoidance)
• Do the MNCs have a responsibility to pay tax to their “home countries” (or countries of origin) and to countries where they make profits?


Question 8. Water Scarcity & Plastic Bottles    Group 3 Hyperlink

Li Guanrui/ Wang Yuxiang/ Zhang Yichi

• How are plastic bottles produced?
• What is the history of human consumption of plastic products?
• What is the problem of plastic pollution?
• What is the problem of water scarcity?
• Should we forbidden the use of bottled water altogether in developed society?


Q3./4. Selling Tobaccos/Opioids Epidemic Group 4 Hyperlink

Lee Kin Fung/ Quan Shen Yuan

• Knowing that their products are addictive and can cause cancers, should the respective companies continue to sell their products?
•  What morally suspicious actions have the tobacco/drug companies done in the past to the customers (who are vulnerable to the products)?
• Under what conditions would it be morally acceptable for the respective companies to sell their products to the public, or would it be morally acceptable at all?
• Would they be allowed to sell their products if they have done “sufficient promotions” about the harmful consequences of their products?

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Introduction & Definition

    Have you ever heard these: "Social responsibility of an entrepreneur is simple, just making profits and responsible to their shareholder!" Coincidentally, Milton Friedman, an influential economist had put forward a similar insight as far back as 1970:  "The Business of Business is Business"  But... is that still convincing nowadays?     Tax Avoidance    I. What is Tax?       Before digging into the topic, let's ask a pure question, what is tax? Tax, in a nutshell, is a channel for the government to collect revenue from social actors, including corporate entities and citizens, to finance the expenditure and sustain the smooth operation of the state and society.     To link the theme of corporate social responsibility more concentrically, the article will first explain the motivations for companies to avoid corporate tax, and then elaborate the concept of Corporate Social Responsibility to expand the discussion about whether the companies should pay the tax. I

Explain the idea of tax avoidance (BEPS)

 

Why MNCs HAVE NO responsibility to pay tax to their “home countries” and to countries where they make profits?

  According to the BBCIncorp website  : Tax avoidance is totally legal Tax avoidance lowers your tax bill by structuring your transactions so that you reap the largest tax benefits.  Tax avoidance is completely legal—and extremely wise. Tax avoidance is the act of minimizing tax liability within the limits of the law or without breaking the law . In other words, taxpayers can use legitimate methods to reduce the amount of tax payable in association with their financial activities. Such methods to allow taxpayers to avoid paying tax to the government may include the followings: Using tax deductions for decreasing business expenses and business tax bill Delaying the payment of tax until a later date with an appropriate tax deferral plan Taking advantage of tax credits for legal purposes like business purchases, benefiting the company’s employees for sick leave and family leave Sheltering revenue from tax liability through the establishment of employee retirement plans. Judge Learned Hand