New report finds low corporate taxes are harmful to the economy

Nick Danger

Council Member
Jul 21, 2013
1,807
471
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Penticton, BC
Over the last three decades, successive governments, both Liberal and Conservative, have cut the federal corporate tax rate from 36 per cent to 15 per cent, now among the lowest in the developed world and lower than even in the tax-allergic United States. During this time, corporate profits have soared, yet the purported public benefits of these cuts have by and large failed to materialize

Another aspect is the shift by large corporations away from direct employment in favour of outsourcing for most aspects of their business. Things like manufacturing, distribution, administration, customer support, janitorial, retailing...(the list goes on) are routinely contracted out to the lowest bidder which cuts corporate costs of course, but usually at the expense of wages and benefits. At the same time these businesses impose stringent standards on these contractors to maintain brand loyalty and investor confidence. The end result? Look south of the border to a nation of low income earners, a shrinking middle class, and income disparity where the numbers are staggering.
 

Twin_Moose

Hall of Fame Member
Apr 17, 2017
22,041
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Twin Moose Creek
Liberals balanced the budget and the PCs want to incur more debt.

But you're a sheep, so I'm not surprised you've been hoodwinked like the rest of the curmudgeons.

If you are talking Ontario provincially they only balanced the budget with the Hydro one sale and transfer payments from the West.

If you are talking Federally Hahahahahahahahahahahahahahahahahahahaahaah
Hahahahahahahahahaahahahaha
hahahhahahahahahahaaha
hahahahahahahahaah
hahahahahaha
hahahaha
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wipe eyes sigh

hahahahahahahahahahahaha
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
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Vancouver Island
There are a number of State and Muni gvts that are offering big tax incentives and/or tax holidays to mfg concerns to relocate back to the rust belt.... It's just another nail in the Ontario coffin at this point

More importantly they do not have all the hurdles to getting building permits. 10 Years of public discussion just to create jobs is a Canadian thing.
 

DaSleeper

Trolling Hypocrites
May 27, 2007
33,676
1,666
113
Northern Ontario,
And gullible libtards?

 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
In Sask. We'll be the last in Canada to pay it, Man. will be a close second last. They're going to have a hard time implementing Carbon tax on a provincially owned resource :)

Don't worry, they're pricing carbon nonetheless.
 

petros

The Central Scrutinizer
Nov 21, 2008
119,949
14,812
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Low Earth Orbit
In Sask. We'll be the last in Canada to pay it, Man. will be a close second last. They're going to have a hard time implementing Carbon tax on a provincially owned resource :)

It's illegal for the Feds to tax a Provincial Crown Corp.

That is why ON has been ditching Crowns.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Hey Cannuck- Check in with a psychiatrist. No normal person acts like you do. You are one sick son of a bitch!
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
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RR1 Distopia 666 Discordia