Company Quote by Sadiq Khan
“Most employers I speak to, they want to create jobs and give decent salaries. Some small and medium companies say to me they cannot afford to pay the living wage. I say "what about if I gave you a business rate cut?" and they say, yes, ok. We want companies which are skilled up, generating more profit, more corporation tax - we should not be embarrassed at success, as long as they pay their taxes.”
About This Quote
Source Speech: London Mayoral Campaign, 2016
Employers claim they cannot pay living wages, but tax cuts could offset costs, encouraging higher wages without harming jobs.
In simple terms: Tax cuts can help firms pay fair wages.
Key Takeaway
Consider tax incentives for fair pay.
Themes
economics
tax policy
labor
Mood
pragmatic
concerned
Type
policy
economic
When to use this quote
- government policy
- business negotiations
- salary budgeting
- tax reform
- corporate responsibility
Key Concepts
public finance
living wage
employment
Questions to Reflect On
- How can tax policy balance fair wages and business viability?
- What safeguards prevent abuse of tax incentives?
A Different Perspective
Higher wages may still increase labor costs despite cuts.
![“If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you…” quote by Mitt Romney](https://sms4smile.com/quotes/img-quotes/dce/mitt-romney-268_able_if-you-bring-tax-rates-down-it-makes-it_101895.jpg)
