Quote:
Originally Posted by Mean Mr. Mustard
Only 850 million more? That is a huge number, especially if it is properly invested in the province. Are you suggesting that businesses would flee Alberta based upon a two percent tax increase?
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Well since the deficit for 2015 is forecast at $6.2 Billion and adopting a progressive flat tax regime for personal income tax would bring in up to $13.6 billion in additional revenue for the province, I really don't see the point in raising the corporate tax rate from 10% to 12%, particularly since we are competing against other provinces, such as Ontario, who also have a 10% rate.
Business's may not flee but I don't think its unreasonable to suggest that attracting new business might become more difficult.