Canadians Among Least-Taxed People In Developed World

[justlooking]

Obviously you've never heard of Ikea. Or any of these.

Doesn't matter. Some major corporations have their HQs in places like Lichtenstein. It doesn't mean that they originated there. Also Ikea was just an example. There were dozens of other major companies listed in the link that went with my original post.

Of course it matters. You went after Morgan, posting "Look, look, IKEA lives in the socialist paradise, and they are fine and happy."

It was the basis of your argument.
Then you screwed up again,

I was pointing out that there are lots of major businesses located in Nordic nations. Your post does nothing to disprove that.

directly after I pointed out that IKEA is NOT located
in the socialist paradise, and takes big steps to avoid paying taxes.

Now after being schooled, you want to try and say "oh, it doesn't matter", it was just an example"... bullcrappie :lol:

Remember the next time you are shopping in your Socialist Paradise Company IKEA, that they are among the best
tax cheats in Europe.

Look, be a man, just admit you ****ed up, and we can move on.

have their HQs in places like Lichtenstein.

Ja ja, ever wonder why ?

 

[Bar Sinister]

Of course it matters. You went after Morgan, posting "Look, look, IKEA lives in the socialist paradise, and they are fine and happy."

It was the basis of your argument.
Then you screwed up again, directly after I pointed out that IKEA is NOT located
in the socialist paradise, and takes big steps to avoid paying taxes.

Now after being schooled, you want to try and say "oh, it doesn't matter", it was just an example"... bullcrappie :lol:

Remember the next time you are shopping in your Socialist Paradise Company IKEA, that they are among the best
tax cheats in Europe.

Look, be a man, just admit you ****ed up, and we can move on.


Ja ja, ever wonder why ?

No, the basis of my argument was that you read my entire post including the link listing the numerous major Nordic based companies, but I see that you are too lazy or too stupid to do that. And I don't shop IKEA. I don't like the store layout or its merchandise. Try faking your supposed superiority on another topic.

 

[justlooking]

No, the basis of my argument was that you read my entire post including the link listing the numerous major Nordic based companies,

But you mentioned IKEA specifically, and no other company, except for a link,
AND IKEA IS NOT A NORDIC COMPANY, so you still lose. :lol:

Your ignorance must be bliss.

 

[tay]

Caution to Walter. Have your oxygen tanks at the ready before reading it all at the link. This article is from CNBC home of Libertarian ranters like Rick Santelli and Cramer..............


Even with all kinds of taxes considered, including income, local and sales taxes, among others — and contrary to what President Donald Trump has repeatedly said — Americans do not pay the highest taxes in the world. Not even close. Actually, the U.S. is a little below average compared to our 34 peer countries in the Organization for Economic Cooperation and Development (OECD).

But what about Canada? Given all the social services that Canadian citizens enjoy relative to their neighbors to the south, including health care, many Americans assume that Canadians bear a significantly heavier tax burden.

Canadians enjoy the kind of perks Americans only get if they work for the most generous, prestigious corporations. Those include free health care without deductibles as well as up to 18 months of subsidized parental leave when they have children. They also enjoy access to high-quality education for children across the income spectrum. Even top-notch colleges and universities are cheaper than comparable institutions in the U.S.

At times, for example, in 2000 and again in 2014, Canada and the U.S. swapped places. The U.S. paid a slightly higher than average amount and Canada paid a slightly lower than average amount. For the most part, however, both countries hover around the OECD average.

And both remain far lower than high-tax countries such as Luxembourg, Norway, Denmark Switzerland and Sweden.

"Canada's total tax revenue over all levels of government as a percentage of GDP is modest relative to our OECD peers," reports the Broadbent Institute. "Of all 35 OECD countries, Canada ranks 25th in terms of total tax revenue to GDP."

Overall, though, Canadians enjoy the kind of perks Americans only get if they work for the most generous, prestigious corporations. Those include free health care without deductibles as well as up to 18 months of subsidized parental leave when they have children.
They also enjoy access to high-quality education for children across the income spectrum. Even top-notch colleges and universities are cheaper than comparable institutions in the U.S.

Vice cites a 2009 Canadian study by the Centre for Policy Alternatives that found that "the vast majority of Canada's population" gets a great deal: "Middle-income Canadian families enjoy public services worth about $41,000 — or 63 percent of their income. Even households earning $80,000–$90,000 a year enjoy public services benefits equivalent to about half of their income."

In short, the study concludes, "the majority of Canadian households enjoy a higher quality of life because of the public services their taxes fund."

What Americans get for their taxes

Americans enjoy a strong national defense. As of April 2017, the U.S. spent $611 billion on defense, which, as the Peterson Foundation points out, is "more than China, Saudi Arabia, Russia, United Kingdom, India, France and Japan combined." Additionally, "the United States has historically devoted a larger share of its economy to defense than many of its key allies."

The military accounts for about half of all discretionary spending in America.

Most Americans aren't covered through the government, though: They must pay for health insurance themselves or, if they obtain coverage through the Affordable Care Act exchanges and they qualify, with the help of subsidies. "Public health insurance, such as Medicare and Medicaid, accounts for 27 percent of coverage,"

Perhaps that's why so many Americans, as well as the president, feel that Americans pay more than anyone else in taxes: Because while many U.S. residents pay nearly as much, or in some cases more, than our neighbors to the north, Canadians in general can get so much more in exchange.

the article continues.......

https://www.cnbc.com/2017/08/07/canadians-may-pay-more-taxes-than-americans-but-theres-a-catch.html

 

[Jinentonix]

Governments provide programs that 'the people' want.

Govts provide programs that the lobbyists want.

 

[petros]

Are eco fees included?

Where does the $10 a tire eco-fee go?

If you live in NS Lafarge gets it for burning 20 tonnes of tires a day in their cement plant.

 

[captain morgan]

Doesn't matter. Some major corporations have their HQs in places like Lichtenstein. It doesn't mean that they originated there. Also Ikea was just an example. There were dozens of other major companies listed in the link that went with my original post.

The nuts of this issue relates to where these companies pay taxes, ie. which communities are they actually supporting with real dollars

Are eco fees included?

Where does the $10 a tire eco-fee go?

If you live in NS Lafarge gets it for burning 20 tonnes of tires a day in their cement plant.

Herein lies the rub.

Exactly how does the Broadbent Institute measure/define taxation?

haven't looked at it myself, but I would bet that they are comparing published Fed/Prov tax rates exclusively and ignoring the myriad of sales taxes, eco taxes, carbon taxes, user fees or any of the other direct/indirect costs passed down by gvts.

 

[petros]

Herein lies the rub.

Exactly how does the Broadbent Institute measure/define taxation?

haven't looked at it myself, but I would bet that they are comparing published Fed/Prov tax rates exclusively and ignoring the myriad of sales taxes, eco taxes, carbon taxes, user fees or any of the other direct/indirect costs passed down by gvts.

It's not a tax, it's an eco fee.

lol!

 

[Dixie Cup]

Well, I know in Denmark after you've paid out the mandatory taxes and before the 25% VAT, you basically get to keep 40% of your gross income. They also have a "wealth tax" that taxes income above a certain threshold at 90%. So don't bother busting your balls to improve your lot in life in Denmark, the govt will just take it from you.

Norway and Sweden also have similar tax structures but with varying differences in rates.

I do love one of Finland's methods of earning revenues though. If you receive a fine, the amount is based on your ability to pay, ie; income. For example, the largest speeding fine ever handed out was in Finland at $715,000 USD.

I have a cousin who has lived in Denmark for years (married a Dane). Their taxes are high because they are "looked after" from birth to death. Doctors make house calls; daycare is free, when she gave birth to her children, a mid-wife was provided as part of the health care system.


Both her and her hubby, I'm thinking purely because of their training and employment, make a good living so even though the government may take most of their income, they don't have to pay for a lot of things like we do. We have to pay for things that they do not.


I would want to know, however, just how efficient their government is in spending the tax dollars they receive. I think perhaps since my cousin has no complaints, that their government is much more responsible in their spending because they actually give a crap about their citizens and do not politicize the process.


JMHO


In Canada, I would not trust the government to ensure those services were provided as our health care system is a good example of how inefficient governments are. In Denmark, if you have not experienced any other system, I suppose you would think that it is a good one. Maybe it is...


JMHO

 

[captain morgan]

It's not a tax, it's an eco fee.

lol!

kinda like the way some gas taxes are really for infrastructure.

... Not like they'd ever end up in General Revenues... Never

 

[petros]

Of course not.

Any idea how road taxes will be charged on EVs?

By kWh?

 

[captain morgan]

The big irony being that the power gen requirements will force many/most jurisdictions to incorporate nat gas thermal generation facilities

That said, (hydro)carbon taxes in addition to kWh levy, plus charging-station maintenance fees, etc, etc.

.... Can you imagine the amount of rare earths that will be required to transport us to our ecotard utopia?

... Can't help but laugh my butt off at the mass myopia surrounding this issue

 

[petros]

With EV batteries using an equivalent of 8 years of gasoline vehicle emissions but lasting only 5 years makes internal combustion engines 37.5% more CO2 efficient.

 

[taxslave]

Caution to Walter. Have your oxygen tanks at the ready before reading it all at the link. This article is from CNBC home of Libertarian ranters like Rick Santelli and Cramer..............


Even with all kinds of taxes considered, including income, local and sales taxes, among others — and contrary to what President Donald Trump has repeatedly said — Americans do not pay the highest taxes in the world. Not even close. Actually, the U.S. is a little below average compared to our 34 peer countries in the Organization for Economic Cooperation and Development (OECD).

But what about Canada? Given all the social services that Canadian citizens enjoy relative to their neighbors to the south, including health care, many Americans assume that Canadians bear a significantly heavier tax burden.

Canadians enjoy the kind of perks Americans only get if they work for the most generous, prestigious corporations. Those include free health care without deductibles as well as up to 18 months of subsidized parental leave when they have children. They also enjoy access to high-quality education for children across the income spectrum. Even top-notch colleges and universities are cheaper than comparable institutions in the U.S.

At times, for example, in 2000 and again in 2014, Canada and the U.S. swapped places. The U.S. paid a slightly higher than average amount and Canada paid a slightly lower than average amount. For the most part, however, both countries hover around the OECD average.

And both remain far lower than high-tax countries such as Luxembourg, Norway, Denmark Switzerland and Sweden.

"Canada's total tax revenue over all levels of government as a percentage of GDP is modest relative to our OECD peers," reports the Broadbent Institute. "Of all 35 OECD countries, Canada ranks 25th in terms of total tax revenue to GDP."

Overall, though, Canadians enjoy the kind of perks Americans only get if they work for the most generous, prestigious corporations. Those include free health care without deductibles as well as up to 18 months of subsidized parental leave when they have children.
They also enjoy access to high-quality education for children across the income spectrum. Even top-notch colleges and universities are cheaper than comparable institutions in the U.S.

Vice cites a 2009 Canadian study by the Centre for Policy Alternatives that found that "the vast majority of Canada's population" gets a great deal: "Middle-income Canadian families enjoy public services worth about $41,000 — or 63 percent of their income. Even households earning $80,000–$90,000 a year enjoy public services benefits equivalent to about half of their income."

In short, the study concludes, "the majority of Canadian households enjoy a higher quality of life because of the public services their taxes fund."

What Americans get for their taxes

Americans enjoy a strong national defense. As of April 2017, the U.S. spent $611 billion on defense, which, as the Peterson Foundation points out, is "more than China, Saudi Arabia, Russia, United Kingdom, India, France and Japan combined." Additionally, "the United States has historically devoted a larger share of its economy to defense than many of its key allies."

The military accounts for about half of all discretionary spending in America.

Most Americans aren't covered through the government, though: They must pay for health insurance themselves or, if they obtain coverage through the Affordable Care Act exchanges and they qualify, with the help of subsidies. "Public health insurance, such as Medicare and Medicaid, accounts for 27 percent of coverage,"

Perhaps that's why so many Americans, as well as the president, feel that Americans pay more than anyone else in taxes: Because while many U.S. residents pay nearly as much, or in some cases more, than our neighbors to the north, Canadians in general can get so much more in exchange.

the article continues.......

https://www.cnbc.com/2017/08/07/canadians-may-pay-more-taxes-than-americans-but-theres-a-catch.html

Taxes as a % of GDP is not valid in an exporting nation. That is the kind of bull crap the NDP used to claim the BC government had cut education spending even though the provincial budget l=clearly shows an increase in education spending every year. THe only valid measurement is % of gross income. And that puts us highly taxed.

 

[pgs]

Taxes as a % of GDP is not valid in an exporting nation. That is the kind of bull crap the NDP used to claim the BC government had cut education spending even though the provincial budget l=clearly shows an increase in education spending every year. THe only valid measurement is % of gross income. And that puts us highly taxed.

Golfing with an American gent on Saturday , good player , he mentioned our free health care . After chucking up my beer I explained free to him . Taxes and fees on top of taxes and fees . I then asked about his healthcare . Instant access , I then explained wait lists to him , he was no longer as impressed with our free health care .

 

[EagleSmack]

Golfing with an American gent on Saturday , good player , he mentioned our free health care . After chucking up my beer I explained free to him . Taxes and fees on top of taxes and fees . I then asked about his healthcare . Instant access , I then explained wait lists to him , he was no longer as impressed with our free health care .

Well that is how the media presents the Canadian Health Care System. That it is all free.

And Obamacare was supposed to be inexpensive for all and free for many. As Gruber said... "Call it the stupidity of the American voter."

Some Canadians in here think that it is free.

 

[JamesBondo]

I don't object to the concept of many people paying for the few.

the problem with healthcare is everyone needs it and some of us have the self entitlement attitude that comes from believing that there are many people paying for it.

 

[Bar Sinister]

But you mentioned IKEA specifically, and no other company, except for a link,
AND IKEA IS NOT A NORDIC COMPANY, so you still lose. :lol:

Your ignorance must be bliss.

You must really be desperate for a victory. So desperate that you have chosen to make a chance example for your focal point. If nothing else it proves that you are a champion nitpicker. All right you think IKEA is a Dutch company. Here is a quote from Wikipedia you might want to have a look at. IKEA: Founded in Sweden in 1943 by then-17-year-old Ingvar Kamprad, who was listed by Forbes Magazine (in its 2 November, 2015 issue) as one of the ten richest people in the world and the owner of a more than 40 billion dollar fortune.

Yep, that really sounds Dutch all right.

Here's another: As of December 2016, IKEA owns and operates 392 stores in 48 countries

I suppose according to your thinking that means that IKEA is actually 48 companies.

And one more:... IKEA household products and furniture are designed in Sweden

I guess you better send an email off the IKEA corporate HQ informing it that despite the fact that the company was founded in Sweden, does all of its designing in Sweden, and is obviously transnational in nature that it is really a Dutch Company. Maybe you should also try convincing the Dutch of that as well.

Just for fun let's look a t a few US companies that are not really American since their corporate HQs are outside the USA.
1. Burger King
2. Budweiser
3. Purina
4. Seagate Technology
5. Good Humor Ice Cream
6. Frigidaire
7. Lucky Strike Tobacco
8 Neilson

I could go on, but I would hope that by now even you will get the picture. A corporation that moves its HQ from its country of origin to another country is doing so primarily for tax reasons. It has little or nothing to with nationality.

 

[justlooking]

Of course it matters. You went after Morgan, posting "Look, look, IKEA lives in the socialist paradise, and they are fine and happy."

listing the numerous major Nordic based companies

it proves that you are a champion nitpicker.

Only when you decided that IKEA was a major Nordic company

I could go on,

Please do, you just keep digging your own grave even deeper.
Look, you tried to make a point that IKEA was a Swedish company, and it isn't.
So just deal with you getting caught with your pants down, and deal with it.

 

[JamesBondo]

they serve Swedish meatballs, that is good enough for me.