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 US blended rate, even with the huge increases made by Obama, is still competitive with Canada because of our high provincial and municipal corporate taxation.
Cutting corporate taxes will have very little impact upon revenues and increasing corporate taxes will lead to huge job losses. Jobs need to be a central focus during this economic recovery.
http://fullcomment.nationalpost.com/...corporate-tax/