Quote:
Originally Posted by CliffFletcher
The Swedish approach is interesting. A low corporate tax rate to attract business, and high income and sales taxes to pay for social programs.
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If the government had anyone of intelligence crafting policy, they would have looked to this model instead of immediately jacking the corporate tax rate to please the simple minded bleeding hearts that comprise their base. Investment is far more mobile than individuals - they would have been better off from a revenue perspective by implementing an equivalent increase in personal income tax. Because of this horrendous policy combined with dithering on royalties we have essentially lost a year of capital spending in the province.