New report finds low corporate taxes are harmful to the economy
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I FORBID YOU TO READ MY POSTS! I DEMAND THAT YOU REMAIN IN HAPPY IGNORANCE!
It will only trouble your mind to find out just how badly LIE-berals are failing at EVERYTHING!
So is yours!
Again!
If you would dig a little deeper your post tails wouldn't be so tall...
Actually I like STB's posts - Meaty.
Especially when compared to the empty sentiment free factious (lol factfree I mean!) *hug*
This post is too long and too boring!
At least medication may be helping THEM!
So is yours!
Again!
If you would dig a little deeper your post tails wouldn't be so tall...
Actually I like STB's posts - Meaty.
Especially when compared to the empty sentiment free factious (lol factfree I mean!) *hug*
Dan loves corporations...just loves them.
Btw, what happened at Sandy Hook?
The Star is to be congratulated for its excellent research regarding low taxes, tax shelters and off-shore tax avoidance schemes enjoyed by many corporations.
The burden for these corporate benefits is incurred by the middle class, the group the federal Liberal government promised to help in its election platform.
A few examples of the unfair taxation system include the Canadian Revenue Agency disallowing capital losses for RRSP/RIFF investments, charging tax on investments that were never realized or withdrawals that quickly turned into capital losses that cannot be claimed, and retroactively charging income-tax interest if instalment payments are not made and the amount owed is more than $3,000.
The Senate finance committee has twice called for a review of the Canadian tax law to institute a more equitable tax system, but the federal government has failed to address inequities and continues to reward the wealthy at the expense of all other Canadians.
https://www.thestar.com/opinion/let...uld-canadian-corporations-pay-more-taxes.html
The burden for these corporate benefits is incurred by the middle class, the group the federal Liberal government promised to help in its election platform.
A few examples of the unfair taxation system include the Canadian Revenue Agency disallowing capital losses for RRSP/RIFF investments, charging tax on investments that were never realized or withdrawals that quickly turned into capital losses that cannot be claimed, and retroactively charging income-tax interest if instalment payments are not made and the amount owed is more than $3,000.
The Senate finance committee has twice called for a review of the Canadian tax law to institute a more equitable tax system, but the federal government has failed to address inequities and continues to reward the wealthy at the expense of all other Canadians.
https://www.thestar.com/opinion/let...uld-canadian-corporations-pay-more-taxes.html
The Toronto Red Star is to be congratulated for its remarkable capacity to AVOID speaking the truth on any subject! Consider:
Here is an article illustrating how clueless some people are about economic issues. With some comments of my own in brackets):
BELZILE: Let's bring free trade benefits home.
Special to Toronto Sun. Published: December 10, 2017/ Updated: December 10, 2017 6:00 PM EST
Filed Under: Toronto SUN/ Opinion/ Columnists
Beer is on display inside a store in Drummondville, Que., on July 23, 2015. Gerard Comeau of Tracadie launched a constitutional challenge after he was charged with illegally importing alcohol into New Brunswick from neighbouring Quebec.Ryan Remiorz / THE CANADIAN PRESS.
(For anybody who is interested- this kind of stuff- major barriers to inter provincial trade was supposed to STOP back when Brian Mulroney signed that first Free Trade Agreement. The fact that LIE-berals have quietly eroded the former free trade provisions between provinces is simply what happens when you let LIE-berals suck up to powerful unions! In Vancouver it is easier to get wine from Australia, Chile and South Africa than it is to get wine from Ontari-owe and this is a national disgrace especially as Ontari-owe wine is of just as good quality and price as the foreign stuff!)
By Germain Belzile, Special to Postmedia Network
There’s been a lot of talk about free trade lately. This is due in part to the renegotiation of NAFTA, and to the Trans-Pacific Partnership that many governments are trying to resuscitate. In Canada, a long-awaited inter-provincial free trade deal was also signed in the spring, and a case before the Supreme Court this week could potentially lead to even freer trade within Canada.
Why do such agreements and court cases matter? Quite simply because freer trade makes us all richer.
(Surely it is not a difficult argument to explain why it is better for Canadian economy for us to drink Ontari-owe wine rather than Chilean or South African stuff?)
Two hundred years after the discovery of the law of comparative advantage, economists have had time to measure the effects of free trade, and studies leave little doubt: Free trade increases competition, as the number of companies in a given market goes up, which leads to better products; it increases consumer choice; it increases the size of markets, which makes economies of scale possible; and it forces companies to become more productive.
(Too bad that economies of scale and vertical integration neutralize that law of comparative advantage- with powerful corporations buying up all the little players and consolidating power in a few hands and then adding powerful unions with the ear of LIE-beral govt who like to monkey with the import/export rules by denying space on LCBO shelves for stuff they deem `unsuitable`!)
All of these phenomena reduce prices and raise salaries. The purchasing power of households thus increases, as they have more to spend and can buy more with each dollar.
(The devil is in the details- salaries are NOT rising and competition is to often strangled when corporations, LIE-berals and unions collude together -within provinces!)
But while international free trade gets a lot of attention, we forget that free trade between Canada’s provinces is far from perfect. The Comeau case is being heard this week by the Supreme Court of Canada.
In 2012, Mr. Comeau was stopped for having brought back home to New Brunswick fourteen cases of beer and three bottles of spirits purchased in Quebec. He contested his fine and won his case before the Provincial Court. Now, the Supreme Court will have to decide if Canadians have the right to transport legally purchased goods, including alcohol, from one province to another.
(This is NUTS! Would they sue of he filled up his car with gas in Ontari-owe and drove it to Quebec? The answer is YES- if it was easy to prove! In summer 2017, LIE-beral hug a thug judges RELEASED SEVEN accused murderers because LIE-berals could not arrange trials with “a reasonable time”! LIE-berals are all about making examples of others- just so long as it does not inconvenience THEM! )
This case is important because it highlights the fact that the Canadian provinces do not practice free trade among themselves. And we want free trade. A poll conducted by Ipsos on behalf of the Montreal Economic Institute shows that 89% of Canadians think they should be allowed to bring any legally purchased product from one province to another.
Specifically regarding alcohol, 78% think they should be allowed to bring any amount of beer or wine from one province into another, while 84% think they should be allowed to order wine directly from a winery in another province.
(If you are willing to pay the shipping costs then why not order anything you want from within Canada? Answer: because greedy Hogs in each province want THEIR CUT of sales tax- they do NOT want you licking and choosing what and were you buy and they BELIEVE THEY ARE ENTITLED to treat YOU as a cash cow!)
And Canadians don’t buy the justifications that provinces offer for blocking inter-provincial free trade. Only 16% think that governments should be allowed to impose restrictions against goods from other provinces to protect their own industries, and only 12% think they should be allowed to do so to collect more revenues.
A Statistics Canada study calculated that the many restrictions on internal trade in Canada correspond to an average tariff of 6.9% on goods traded between provinces. This rate is much higher than the average Canadian tariff on international imports (1%) and even the average global tariff (2.9%). Indeed, it is often easier to export to another country than to another Canadian province.
(AS the Vancouver example shows, it has been easier to import from Chile than from Ontari-owe!)
The Supreme Court has an opportunity to correct this provincial protectionism by reaffirming the vision of the Fathers of Confederation, who wanted to create a vast common market. When we understand the advantages of free trade, we cannot help but cheer for the possibility that the Court could bring down provincial trade barriers, to the great benefit of all Canadian consumers.
(The idea behind that “vast common market” in Canada is also about economies of scale- we can get better results when we work together! Too bad LIE-beals and Hogs are prepared to damage us if they do not get their ENTITLEMENTS!)
Germain Belzile is Senior Associate Researcher at the Montreal Economic Institute.
Here is an older post that illustrates the poisoned thinking of civil service union Hogs.
Has anybody actually read the `manifesto` produced by the civil service Hogs of Working Family Coalition presented on their web site called “Notthereforyou.ca”? I did take the time and I judge it to be the sort of nonsense that Nazi storm troopers and bankrupt Greek tax evaders would support! I present their garbage -along with some comments of my own in brackets):
Their web site says: “Engage Canada is a broad based, grassroots organization formed in response to a growing movement in Canada looking for change in Ottawa” . For too long, wealthy conservative Super PACs like Working Canadians and Conservative Voice have spent millions protecting wealthy conservative interests and monopolizing political discussion in Canada.
(Really? I have NEVER heard of Working Canadians or Conservative Voice- but I HAVE seen endless commercials from CIVIL SERVICE HOGS....of Working Family Coalition and Fairnesscounts.ca and now Notthereforyou.ca who ALL happen to be civil servants along with their supporters- hacks and flacks and hangers on-the pension managers and administrators and assorted others who just ALL happen to make their living picking up rich crumbs dropped by the Hogs. These people ALL happen to be in GROSS CONFLICT OF INTEREST and are violating Election spending laws! And as far as I can see, the only reason the Hogs are not being charged is because the people doing the investigating and JUDGING ALSO HAPPEN TO BE HOGS!)
The “Not there for you” HOGS state: “The middle class in Canada is struggling and the Harper Conservatives have only made things worse”.
(I say: the DEVIL is in the details! If you define middle class as ordinary people working in the private sector, selling products and services that Cdns CHOOSE to buy using scarce after tax income then I say yes, the middle class IS struggling. BUT....if you define middle class strictly by income (using as a guideline civil service Hog income) supported and FED by BORROWED government money and all of it MANDATED by Hog MONOPOLY control of an essential service then there is ANOTHER conclusion to be reached about utterly greedy Hogs!)
(Talk about a monopoly-you don’t even have to have a kid to pay taxes for teacher Hogs! Whatever prices-(and TAX amounts- the Hogs squeal out-that is what we MUST pay, thanks to their cosy relationship with leftist politicians. Our government is drowning in debt...and its ALL because of the salaries and especially the PENSIONS being paid to civil service Working Family Hogs-who ALSO happen to be the people behind the “Not there for you” web site!)
The HOG web site states: “Engage Canada has received funding from progressive groups, organizations and individuals from across Canada who want to fight to ensure that middle class families get their voices heard”.
(I believe that.....all manner of government Hogs at the TROUGH DESIRE to continue feeding their fat faces in government gravy in spite of the vast flow of red ink running across our government books-a flow of red ink so deep and so strong that Ontari-owe premier Dalton McGinty was forced to RESIGN as premier in order to act as a human lightning rod and draw away Hog anger so that premier McWynnty-known to some of us as The Great Whore because she has sold herself, her party and OUR FUTURE to Working Family HOGS, would have a fighting chance of making peace with the utterly essential to LIE-berals-cannot get elected without them- HOG supporters. And now public support for Our Whore is at a record 16 percent due to LIE-beral tax scam failing to produce needed gravy! Can even the Great Whore survive after failing Hogs so badly?)
(LIE-beral plans have collapsed-firstly, the drop in oil prices has messed up government books even further and secondly the UTTERLY PIG HEADED refusal of Working Family HOGS to delay their desires for more gravy for even a year or two has put Lie-beral government in an impossible position. The country is bankrupt and the Hogs are prepared to treat McWynnty-(along with whoever comes after her- as SOCK PUPPETS-just shove a stick up their ass and use it as a handle to make them dance to HOG financial tunes!)
I think we may easily guess the Hogs are already DEEP in back room talks with both Lie-berals and NDP to see which of them will guarantee the most gravy for Hogs.....they don’t care who wins....as long as THE HOGS WIN MOST! And you can bet any promises they get in future will be in WRITING.....no more vague IOU`s! Hogs are HUNGRY for gravy-and LIE-berals are what they are.)
Not there for you Hogs were asked: “Do you support strategic voting”?
They answered: “A core principal of Engage Canada is to not engage in strategic voting discussions. Engage Canada is a non-partisan independent project singularly focused on making the Conservatives unelectable”.
In this they LIE!!! They are anything BUT non partisan! AND they have back tracked on strategic voting. If the CEO of a corporation attempted to influence an election on this scale so his corporation might profit from the election outcome as HOGS intend to do, the CEO would be at the centre of a HOG STORM-with Hogs DEMANDING jail time and MASSIVE fines for the CEO!
The HOGS squeal that Harper has “missed opportunities” in Atlantic Canada. Again, they LIE!
The population of New Brunswick is about 750,000 people and their 2014 budget DEFICIT was TWELVE BILLION DOLLARS!!!!!! The budget deficit in New Brunswick is equal in dollar amount to the budget deficit in Ontari-owe....with its ELEVEN MILLION people ...or to put it another way, the New Brunswick deficit for 2014 is about ONE THOUSAND FIVE HUNDRED PERCENT LARGER than the currently admitted deficit (86 million dollars) of the city of Toronto.....which has THREE TIME MORE PEOPLE than New Brunswick. This IS the face of bankruptcy and only a lunatic (or a HOG) would throw more money at New Brunswick till it gets its spending in order! The Hogs squeal about `lost` opportunities in New Brunswick....I guess they are referring to opportunities to drive the country into FULL Greek style fiscal chaos by encouraging New Brunswick financial madness????
And the best Lie-beral thought of the day? This comes from some Lie-beral dolt who responded to one of my posts::
The dolt says: “We are way better off with Wynne. If Hudak had won the province would be shut down now and people fired. At least with the liberals we are going ahead”.
I say: “its clearly obvious that Hogs cannot do elementary math”.....they have YET to count up how many civil servants will be on strike come autumn-all DEMANDING MORE GRAVY from bankrupt government! Hudak did not win that last election and we are heading for a provincial civil service shut down of the province ANYWAY! The Hogs WILL NOT and CAN NOT get what they want and we will be looking at a long term work to rule campaign....with very regular `service withdrawals` and endless butter confrontations with disgruntled Hogs!
The only REAL question is this: “ who runs the country? Will it be officials elected by ordinary people to make sensible and fair economic choices for the majority to benefit from in the long term......or is it a cabal of sock puppets with sticks up their asses jerking to whatever whims and terms the HOGS dictate? Hogs are seeking short term gain while the country bleeds money and lurches ever closer to a Greek future!
PROPOSED Cuts to health care total 36 billion over ten years say premiers.....cuts STARTING in 2017!
Govt pulling away from health care.
Longer wait times.
Nurses DEMAND that Harper govt sign health care accord to address nursing gap.
John Ivison: Conservatives achieve balanced budget with disciplined spending and a dose of pixie dust | National Post
https://www.policyalternatives.ca/n...udget-creates-surplus-instead-jobs-think-tank
Oh my- the desperate LIE-beeals have run out of OUR money and out of excuses as well! Nothing left for them byut to repeat OLD Propaganda that is already in disgrace! Consider this:
Lies my union told me......oh my...so MANY lies made by civil service Working Family Hogs! Harper is and likely always will be the most lied about politician in Cdn history, consider:
He is accused of muzzling scientists....I look forward with great interest to what these poor formerly muzzled creatures will reveal! Sadly I think that all we can expect from them is a new list of ENTITLEMENTS! And in fact- once in office- Our idiot Boy Justin FIRED a bunch of those scientists as un-necessary!
Harper has used tax money on so called `self congratulatory` advertising. Gosh, apparently LIE-berals have not noticed the spending by Ontari-owe premier McWynnty selling us on those not so smart meters she is ripping us off with? Or her more recent exposure as a FOUR BILLION DOLLAR LIAR regarding how much our 25 percent electricity cut is REALLY going to cost us? OR LIE-berals getting caught in a TEN BILLION DOLLAR accounting error-so called as they prepared their 2016 budget? Have not noticed her self congratulatory spending to crow about her job killing new pension plan that will simply supply a brand new slush fund for her to waste on Mars and other `investments` we cannot afford? And with that pension plan now killed off after wasting hundreds of millions of dollars getting partly set up! Have not noticed the ads from the Hydro people (with Lie-beral approval) telling is what a great job they are doing even as hydro prices climb through the roof- and the Ontari-owe electrical grid becomes the most rotten and unreliable in North America? Have not noticed those stupid Fairness Counts ads from civil servants-ads that were paid for using money EXTORTED from ordinary Cdns with the help of Lie-beral leaders like Wynne-bag? And what of those Actwow.ca commercials that are merely the latest incarnation of Fairnessmatters.ca and Working Family Coalition- all three exposed as civil service Hog unions and assorted Hog allies pretending they are not groosly greedy pigs engaged in a grotesque conflict of interest along with LIE-berals? Can you spell double standard little Hog?
And in quite recent news- Ontari-owe LIE-berals are forcing electricity retailers to put LIE-beral propaganda sheets into the monthly bills the companies mail us- at the expense of retailers- from now till the next election! Of course the public outrage at such gross selfishness may backfire and force them to seek other way to cram us full of their crap in a desperate/brwak the bank effort to cling to power at any price!
And Harper hands out money to oil companies? Oh my, do you mean to tell me that you Hogs DON’T wish to encourage all manner of investment in that industry? You all certainly enjoy your gas guzzling toys-the motor yachts, the Atv`s and skidoos, the leisurely vacations in southern climes-carried there on the most filthy form of transport available-a jet airplane! And what of LIE-berals and their scandalous MaRs building funding mess? Or the snow plow contractors hired by LIE-berals who lacked the equipment to perform their duties so LIE-berals BOUGHT the needed equipment for their PALS? And what of the as yet not properly investigated paving contract scandal involving LIE-berals yet again?
How about the film credits offered to Hollywood North-no credits-no films made here, but that ain’t vote buying or business bribery is it? Back to the billions offered to GM and Chrysler by McGinty Lie-berals to continue operations here- with GM and others now sitting idle awaiting a LIE-beral EXEMPTION from their Carbon crap and trade scam- no exemption means no more GM in Canada! Back to the promise by NDP Mulcair (you remember him don’t you) to offer more federal aid and investment in car companies if He became prime minister. Back to Trudope and his promise to put Cdns to work with infrastructure spending that will mainly benefit his union pals-the ones who put him into office-it’s a FLOOD of gravy for Hogs and ordinary Cdns simply cannot afford it! And what of the tens of thousands of Muslim Jihadi jerks he wants to bring here? Oh my, NONE of that counts as vote buying does it? Face it little Hog, the only thing you REALLY HATE about Harper policies is that he froze your wages! ALL govts do deals with industry to encourage job creation but LIE-berals are picking economic winners based ONLY on party loyalty!
And somebody reported that 587 Cdn academics don’t like Harper? Only those few? Shall we guess the rest were lounging in Muskoka or some such place and feeling too lazy to protest? Get a good look at the REAL values of academics who mostly want govt to give out more free student grants....so academics can put up the price of Tuition even HIGHER and profit accordingly! And most recently, LIE-berals had to tell the “profs” to shut up and sit down and stop talking about those FIFTY PERCENT RAISES they are demanding- TILL AFTER the June 2018 Ontari-owe election! The word `hypocrites` comes to my mind!
And...you accuse Harper of being short sighted about the economy? Lacking a plan for resolving our economic troubles? Should he have created a contingency plan like that of Portugal, Ireland, Greece and Spain? Simply go out mindlessly spending BORROWED money till there was nothing left? That’s a REALLY CLEVER idea- and one Our idiot Boy HAS ADOPTED! And if you can see through the clouds of tear gas and smoke from Molotov Cocktails you can see what the average Greek thinks of the results of that spending madness on the evening news!
And that cruel, sneaky Harper did something with the 12 billion dollar surplus that ran for 3 years in a row before dying out early in his first term? Too bad you don’t recall that was ALL OIL REVENUE!!! High oil prices are good for producing tax revenue but its harder to fuel gas guzzling toys owned by Hogs when gas prices are high! Hogs are going to have to choose: higher oil prices and higher tax revenue or lower oil prices and frozen union contracts! What WILL a poor Hog do? Except BLAME HARPER!
And that wicked Harper sold off GM stock? You do realize that the amount of money given to GM execs by panicked govt in North America just about EQUALS the amount of money invested by GM in new plants in Russia and China don’t you? Car company execs make civil service Hogs look comparatively MODERATE in their demands! It WAS govt money and it WENT BACK to govt!
The only people REALLY unhappy with the sale of GM stock are Gm UNION workers who were hoping to badger Cdn govt into propping up their failing pension plans!
You state that I “make dire predictions that have not happened”? Then WHY was Wynne-bag risking her main support group by offering Zero Sum Contracts to Hogs? Unless the red ink flowing across Ontari-owe books IS just as deep and scary as I have said? And now that she has read the tea leaves and is very unlikely to be premier after 2018, she and LIE-berals have signed four year contracts with Hogs that give a total of 7.5 percent in raises to the swine! Its NOT what they want and its certainly NOT what they are “entitled” to but its better than nothing so they have grabbed up that gravy- and hope anti LIE-beral sentiment will die down before the 2022 election!
You state that Canada is in recession and offer proof of how quickly the surplus of this year is turning into a THREE TO FOUR BILLION DOLLAR deficit for next year-this is CERTAINLY BAD NEWS....but how do you (or that idiot Boy) figure that BORROWING EVEN MORE MONEY will help this situation? How will giving out tax breaks to civil service Hogs who already make at least ONE THIRD MORE MONEY for the same work as people in private sector-and this does NOT include the pensions and other perks of civil service life and who ALSO take an average of THREE TIMES MORE PAID sick days than a private sector worker-how will giving Hogs even MORE help us? Oh, wait, I know-fairness counts with Hogs, the rest of us can go to hell! Ain’t that right little Hog?
And the REAL REASON Hogs hate Harper? Because he is the latest and most prominent of a number of politicians (remember Harris, Manning and Ford) who have persuaded ordinary Cdns that the economy can ONLY be saved by balancing the govt books and ending deficit financing and this WILL REQUIRE that Hog wages be frozen! You HATE Harper because he has dared to question your entitlements! Hypocrite Hogs squealing because they cannot have their own way ALL THE TIME!!!!
Good post I hope some people take the time to read it . Keep up the good work .
You still haven't figured out the most basic of taxation. Companies do not pay tax. All the do is pass the tax that is assigned to them on to the gullible consumer. TReducing or eliminating corporate tax reduces prices, leaving more money in the hands of consumers to buy more thereby increasing employment.