The CEO of Now Healthcare Group (NHG) has urged the government to use the upcoming Budget announcement to increase tax contributions from the nation’s most profitable companies. Chancellor Philip Hammond is expected to reveal the government’s financial plans on Wednesday.
Lee Dentith, the founder of NHG, a leader in digital health services, emphasizes the need for clarity around Brexit and equitable tax contributions from all employers. He highlights the positive profit margins of large companies and the necessity for them to bear more responsibility.
Call for Equitable Tax Contributions
Dentith criticizes the current tax system, pointing out that some major employers evade taxes by employing part-time workers. He proposes a uniform policy where all employers, irrespective of the size of their workforce, pay employment national insurance contributions.
“I don’t see why major employers in this country avoid this tax due to them only employing part-time employees,” Dentith asserts. He suggests that profitable companies should be held more accountable for their tax contributions, especially during economically challenging times.
Budget Expectations Amidst Brexit
Dentith eagerly anticipates that the Budget will provide more clarity on Brexit and its financial implications. He voices dissatisfaction with any potential increases in insurance premium tax, arguing it would burden businesses and consumers alike.
“I am eagerly anticipating that the Budget will give more clarity around Brexit and just who is to pay for exactly what, as so far this is unclear. I’d be disappointed to see an insurance premium tax increase,” Dentith shares.
Innovations and Market Disruption by NHG
NHG has significantly disrupted the digital health market with its innovative technology. The company’s platforms, Now Patient and Now GP, provide video consultations with GPs and repeat NHS prescriptions, supporting millions globally.
Based in Salford’s MediaCityUK, NHG has been recognized by the Care Quality Commission for its safe, responsive, effective, and caring services. The company is projected to support up to 20 million people worldwide by the end of 2017. These accomplishments underscore the potential of digital solutions in transforming healthcare.
Economic Accountability and Corporate Responsibility
The CEO’s call for increased tax contributions from large companies stems from the need for economic accountability. Dentith believes that profits reported by major corporations present an opportunity for them to contribute more substantially to national finances.
“Now is the time to put some burden on employers, because profits for large companies are looking very positive and they should be made much more accountable,” states Dentith. This sentiment aligns with the broader push for corporate responsibility in the modern business landscape.
The Role of Government Policy
Government policies, such as the upcoming Budget, play a pivotal role in shaping the financial responsibilities of businesses. By implementing fair taxation policies, the government can ensure a more equitable distribution of the tax burden among large and small employers.
Dentith’s perspective emphasizes the importance of policy in requiring profitable companies to contribute their fair share. This approach aims to mitigate economic disparities and foster a more balanced economic environment.
Challenges and Opportunities in Digital Health
NHG’s advancements showcase the blend of technology and healthcare, offering a glimpse into the future of medical consultations and prescription management.
The company’s achievements in delivering efficient and effective healthcare services highlight the potential of digital health. These innovations not only improve accessibility but also offer scalable solutions to meet global health needs.
By continuing to leverage technology, NHG aims to address current challenges in the healthcare industry and expand its support to millions more individuals worldwide.
Looking Ahead: The Future of Corporate Taxation
As the government prepares to unveil its Budget, it faces the challenge of balancing corporate taxation with economic growth. Dentith’s call for accountability from major corporations reflects a broader demand for fairness in the tax system.
The discourse on corporate taxation underscores the need for policies that ensure all businesses, regardless of size, contribute equitably to national finances. This objective is crucial for sustainable economic development.
The upcoming Budget announcement presents an opportunity for the government to address corporate tax contributions more equitably. Lee Dentith’s call for increased accountability from large companies resonates with a broader pursuit of financial fairness.
As NHG continues to revolutionize digital health, the focus on corporate tax responsibility underscores the importance of fair contributions to the nation’s economy. The Budget could be a critical step towards achieving this balance.
