There was a time that companies paid back into their local communities, funding schools and parks and infrastructure. It was normal until relatively recently for a pretty big chunk of profit to be "distributed" in this way. And it made sense. A company needs the community it sits in as much as the community needs the company. Then everyone went all single entrepreneurial / maximise profits for shareholders; a tiny sliver of people got astonishingly rich and incredibly greedy, and we ended up where we are with a huge poverty gap.

Companies are making enormous, enormous profits - of course they should be taxed. Tax them more. Bring back more money to the services that need them. Redistribute the wealth, because the alternative is absolute insanity.