Some people believe that to reduce industrial pollution a tax should be imposed on companies, while others believe that different measures should be taken to solve the problem. Discuss both views and give your opinion.

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Over the
last
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decade, the number of
industries
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has increased substantially leading to environmental pollution and
also
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destroying natural habitats. To combat
such
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industrial pollution some believe that the government must impose heavy taxes on companies, on contrary, others think municipalities must enforce the new measures to control
this
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issue. In the following paragraphs, I explore both views and describe why I feel policymakers must bring different policies to combat
such
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issues.
To begin
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with, some activists think that imposing heavy import and export duties on trade leads to pollution control.
Furthermore
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, companies have to pay increased VAT on raw materials and end products which leads them to cut down the production due to insufficient funds. Undoubtedly, enforcing
such
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regulations reduce the environmental challenge.
Thus
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, imposing more taxes is one of the options but it may lead to
industries
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going bankrupt.
On the other hand
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, other than taxes there are many other solutions that the authority must consider.
Furthermore
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, to control
such
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problems we must bring new regulations like enforcing regular deterioration checks by municipalities to ensure
industries
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are following the best practices defined by the state.
In addition
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, corporations must spend a certain amount of their profits on habitat conservation.
For example
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, the UK government enforced a policy which states that every industry must get certified regularly by the board and ten per cent of the profits must be spent on biodiversity.
As a result
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,
this
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will ensure products do not emit carbon monoxide beyond the limit and plant enough trees.
Finally
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, to recapitulate, I believe both arguments have their own merits and demerits. On balance, I feel that the
industries
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must obey the government regulations to sustain for a longer period and must spend some profits on the biodiversity.
Submitted by rana on

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