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Originally Posted by gasman
That is a good point, but at some point even the money spent on Vegas, Golfing, "BD" and Car rentals are going back into the economy. Does Teatro stay open if they are empty 3 nights a week?
There are plenty of examples of companies that sit on cash, Apple being probably the best know example, their business model seems to work...
Personally, as an owner of a small business, lower corporate taxes mean I either pocket more money in the form of dividends (which get taxed at both the corporate and personal level) or I spend more on "expenses" most of which end up going to local business.
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Agreed. Corporate taxes in Canada are income taxes,. I think the "tax corporations" crowd doesn't really know how Corporations are taxed and on what. They also don't understand how people get money out of the Corporation and how that is taxed. It's ignorance at the end of the day, and most cannot be faulted for it, but it's tough when so many people clamour for increased taxes on something they don't understand (no offence in that, as Corp. taxes still stump me and I have some tax law experience)
Apple's issue with sitting on money is entirely a construct of the US tax code system which is outdated and arrogant.