Quote:
Originally Posted by Slava
That all sounds good, except when you consider that even at 18% for corporate taxes (where the Liberals would peg it, and the higher figure) we're at just over half of the rate in the US. They don't seem to suffer from businesses that are unwilling to invest.
Also as I've noted before the corporations that do business here are benefiting from these programs. They use the infrastructure, skilled workers and other provisions from the government funded programs. In other words having a corporate tax rate that is a couple points higher, but investing that to improve health, education, infrastructure,etc is not a pure detriment to the large corporation. It could very well be mutually beneficial.
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The tax rate may be higher in the US, but there are so many loopholes that companies like Exxon paid 0 taxes last year. A year before they managed 15+ billion in profits while getting a 100+ million dollar refund from the IRS.