Not at all.
Its probably way below direct subsidies, cheap labour, cheap energy and market proximity.
Only thing it might do is encourage corps to move their head offices to the lowest tax.
Investment, ha.
Corporate Tax Cuts.
- Thread starter Insidious Von
- Start date
Its probably way below direct subsidies, cheap labour, cheap energy and market proximity.
Only thing it might do is encourage corps to move their head offices to the lowest tax.
Investment, ha.
One of the best incentives for investment is stability. If people feel the future will be stable, they'll invest. If it looks like a roller coaster ride they won't.Corp tax cuts are necessary to attract new investment.
A tax cut will not likely save a situation like Eleto-motive where the labor costs were twice that of Indiana
Call Caterpillar evil, nasty, heartless or whatever you want, labor costs are what closed that plant
Canada can no longer compete on the basis of a weak dollar
We also have higher labor costs , lower productivity and significant payroll taxes that other countries do not have
The OP implies that the corp tax cuts offset cuts to R&D credits.
Not a dollar for dollar switch
The R&D tax credits were being abused , not generating the intended innovation, rather supporting an army of consultants who guided corps through the loopholes.
That program needed to be changed
The trend world-wide is to wards lower corp taxes & smaller govt
CEOs indicate that crop taxes weigh heavily when considering where to invest
The Canadian Gov ts should do everything possible to new investment & jobs
To get a smaller Govt, the public sector employees will just need to give up ridiculous perks like 200 banked sick days & indexed pensions
OK geniusNot at all.
Its probably way below direct subsidies, cheap labour, cheap energy and market proximity.
Only thing it might do is encourage corps to move their head offices to the lowest tax.
Investment, ha.
In your messed up world, you think that raising Corp tax rates will result in a longer list of companies considering Canada relative to the other choices they have?
Is it the deciding factor by itself ?
No
However it is an important consideration if the sum of all other factors weigh out to a draw
Higher taxes will not attract an investment in and of itself at all and we have a number factors weighing against us (appreciating dollar, high labor costs, etc).
What we do have going for us is stability (Blackrock13), a well educated workforce, access to markets and good communication & transportation infrastructure
But so does, Tennessee, Ohio, etc.
Since you have consistantly pounded the table about the evils of capitalism , how is it that you have such a deep understanding of the key factors Corps use to make an investment decision ?
Is it from all your years of boardroom experience?
Is it from the many consulations you have had with top executives while you lecture them on the evils of thier ways?
Or did you just read your opinion on the wall of the crapper stall at the local union hall & that works for you
You're looking at eliminating the tax breaks as raising taxes, how Republican. It's actually putting the taxes where they use to be.OK genius
In your messed up world, you think that raising Corp tax rates will result in a longer list of companies considering Canada relative to the other choices they have?
Is it the deciding factor by itself ?
No
However it is an important consideration if the sum of all other factors weigh out to a draw
Higher taxes will not attract an investment in and of itself at all and we have a number factors weighing against us (appreciating dollar, high labor costs, etc).
What we do have going for us is stability (Blackrock13), a well educated workforce, access to markets and good communication & transportation infrastructure
But so does, Tennessee, Ohio, etc.
Since you have consistantly pounded the table about the evils of capitalism , how is it that you have such a deep understanding of the key factors Corps use to make an investment decision ?
Is it from all your years of boardroom experience?
Is it from the many consulations you have had with top executives while you lecture them on the evils of thier ways?
Or did you just read your opinion on the wall of the crapper stall at the local union hall & that works for you
yep, im shakin, in my boots......i,m petty, i like trolling Larue..he is such a pompous, arrogant little twirp..Common sense scares you doesn't it? Keep hiding from the real world then, and you'll be fine. Peace.
I thought I heard that they were not going to maintain the same tax cuts.
In any event, corporate tax cuts are good because corporations can't eat the extra profits, just re-invest or pay dividiends to their shareholders. True, officers can receive bigger bonuses but they have to answer to shareholders. However, those bonuses incur personal income taxes of equal magnitude if not greater (depending on size of corporation).
If there are going to be more tax cuts, it's because of the global economy where competition is fierce. If Ontario is a jurisidiction that can't compete for foreign investment with others (i.e., China), it must do something to attract industry to this province. We already are a highly regulated jurisdiction with other taxes that make running a business still very expensive.
For those of you who think of corporations as evil minions, stop wearing your archaic NDP hats. A corporation is simply a legal entity that limits liability to shareholders at a personal level except for certain special circumstances. The tax system ensures that the tax paid by an individual directly engaged in a business is equal to the tax paid by the shareholder (the individual) thru a corporation.
There are many corporations that don't pay any tax because they bonus out all their profit, but the shareholder is the one who pays the tax. If you think that no tax is paid by people who own corporations, you're uneducated and naive.
In any event, corporate tax cuts are good because corporations can't eat the extra profits, just re-invest or pay dividiends to their shareholders. True, officers can receive bigger bonuses but they have to answer to shareholders. However, those bonuses incur personal income taxes of equal magnitude if not greater (depending on size of corporation).
If there are going to be more tax cuts, it's because of the global economy where competition is fierce. If Ontario is a jurisidiction that can't compete for foreign investment with others (i.e., China), it must do something to attract industry to this province. We already are a highly regulated jurisdiction with other taxes that make running a business still very expensive.
For those of you who think of corporations as evil minions, stop wearing your archaic NDP hats. A corporation is simply a legal entity that limits liability to shareholders at a personal level except for certain special circumstances. The tax system ensures that the tax paid by an individual directly engaged in a business is equal to the tax paid by the shareholder (the individual) thru a corporation.
There are many corporations that don't pay any tax because they bonus out all their profit, but the shareholder is the one who pays the tax. If you think that no tax is paid by people who own corporations, you're uneducated and naive.
Impossible
Won't work.
FAST
Now, now, GPIDEAL, would you please stop trying to educate the commies here.I thought I heard that they were not going to maintain the same tax cuts.
In any event, corporate tax cuts are good because corporations can't eat the extra profits, just re-invest or pay dividiends to their shareholders. True, officers can receive bigger bonuses but they have to answer to shareholders. However, those bonuses incur personal income taxes of equal magnitude if not greater (depending on size of corporation).
If there are going to be more tax cuts, it's because of the global economy where competition is fierce. If Ontario is a jurisidiction that can't compete for foreign investment with others (i.e., China), it must do something to attract industry to this province. We already are a highly regulated jurisdiction with other taxes that make running a business still very expensive.
For those of you who think of corporations as evil minions, stop wearing your archaic NDP hats. A corporation is simply a legal entity that limits liability to shareholders at a personal level except for certain special circumstances. The tax system ensures that the tax paid by an individual directly engaged in a business is equal to the tax paid by the shareholder (the individual) thru a corporation.
There are many corporations that don't pay any tax because they bonus out all their profit, but the shareholder is the one who pays the tax. If you think that no tax is paid by people who own corporations, you're uneducated and naive.
Won't work.
FAST
No commies here FAST, but you've had that problem of recognizing Socialists for a while.Now, now, GPIDEAL, would you please stop trying to educate the commies here.
Won't work.
FAST
Define
FAST
OK, blackrock13, just what is socialism?No commies here FAST, but you've had that problem of recognizing Socialists for a while.
FAST
You asked that question once before and I don't think anyone answered you. It would take a whole lot of bandwidth to answer it fully, but we could do the easy thing and use the Kings English to define it;OK, blackrock13, just what is socialism?
FAST
From; http://oxforddictionaries.com/definition/socialism
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
policy or practice based on the politcal and economic theory of socialism.
(in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.
The term ‘socialism’ has been used to describe positions as far apart as anarchism, Soviet state Communism, and social democracy; however, it necessarily implies an opposition to the untrammeled workings of the economic market. The socialist parties that have arisen in most European countries from the late 19th century have generally tended towards social democracy.
Where you get confused is something that even a student of Poli Sci 101 gets.
Communism is a subset of Socialism and one of many, perhaps a dozen or so. Even Communism itself is further divided into subsets.
Communism is Socialism, but Socialism isn't necessarily Communism.
There aren't any members on this BB that I would call communists.
Strangely enough Wiki has a very good explanation that expands on the above, but your desire to be spoon fed simple facts, keeps you from finding it.
http://simple.wikipedia.org/wiki/Socialism
If you keep repeating it does it make it any more true? How many times do you have to blindly parrot something before you believe it to your core? What does Sid say?Tax cuts only put more money into the companies bank accounts they DO NOT create jobs.
Let's throw away the economic texts books and dumb it down to your level. Answer this for us Company A from Sweden wants to expand into North America. Wants to choose a location tobuild a facility which will ininially employ 2,000 people. Comes up with 3 suitable locations that it evaluates as being equal for access to skilled workers, facilities including power, access to it's markets etc etc. The only difference is Provincial/ fFederal and State /Federal tax rates. The three range between 28% to 39%. Given the greediness of all corporations which location do you think they choose?
Think of all the thousands of decisions every year to expand and contract interchangeable locations, start-ups and wind- downs . Now explain to me again why it doesn't make a difference?
Does Sid hand out little tabs that he tells you to put under your tongue when he gives you his lectures?
I respectfully disagree.Tax cuts only put more money into the companies bank accounts they DO NOT create jobs.
I've worked for two companies that participated in long-term tax break programs designed to build the job base and both were successful. In NY the program was called an "Enterprise Zone" (I forgot the term for the other program). One company increased from 78 to 312 employees in a five year span and the other from low 100s to 250+ in four years. These were long-term skilled labor jobs that could have easily migrated overseas.
KK
That's good to hear and proves there are exception, but I suggest not many. Something tell me your corporation has more going for it than just the tax breaks.I respectfully disagree.
I've worked for two companies that participated in long-term tax break programs designed to build the job base and both were successful. In NY the program was called an "Enterprise Zone" (I forgot the term for the other program). One company increased from 78 to 312 employees in a five year span and the other from low 100s to 250+ in four years. These were long-term skilled labor jobs that could have easily migrated overseas.
KK
The tax rate is not going to be the single deciding factor for a company when considering multiple choices of where to invest.That's good to hear and proves there are exception, but I suggest not many. Something tell me your corporation has more going for it than just the tax breaks.
It is however an important consideration and higher tax rates will not have a positive influence on the decision.
All other factors being equal (this does not happen too often) rational business people will choose the lower tax jurisdiction. (They have to as part of their obligation to shareholders)
The lefties of this world look for cause and affect relationships to use when pushing their agenda
Electromotive is a perfect example
The tax rate had no relevance on Caterpillars decision, yet lefties continually hold that up an example of a failed policy
They conveniently ignore the unpublicized net new investments made in Canada.
Some of them may even owe their job to these investments, yet they are oblivious to the possibility that a higher tax rate might just have moved that investment elsewhere
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Very funny post.The tax rate is going to be the single deciding factor for a company when considering multiple choices of where to invest.
It is however an important consideration and higher tax rates will not have a positive influence on the decision.
All other factors being equal (this does not happen too often) rational business people will choose the lower tax jurisdiction. (They have to as part of their obligation to shareholders)
The lefties of this world look for cause and affect relationships to use when pushing their agenda
Electromotive is a perfect example
The tax rate had no relevance on Caterpillars decision, yet lefties continually hold that up an example of a failed policy
They conveniently ignore the unpublicized net new investments made in Canada.
Some of them may even owe their job to these investments, yet they are oblivious to the possibility that a higher tax rate might just have moved that investment elsewhere
First, you admit (or I think you do, I'm assuming your first line is supposed to read 'tax rate is NOT going to be...') that corporate taxes aren't the single deciding issue.
Then you try to discount an example where tax breaks and subsidies failed to work, with Caterpillar.
Caterpillar had both tax breaks and subsidies, then left to places with lower labour costs.
But go ahead, continue arguing that corporate tax breaks are going to save the day.
Didn't work for Reagan, Thatcher or Harper (yet), but I suppose that's no reason to abandon the dogma....
Fairy tale
That "dozen of subsets", is a typical response from a someone who will not admit that socialism does not exist, except in the delusional mind of a unionist and the NDP, oh and Greece.
Ask a unionist or a NDP member what it means, you will get an answer a lot shorter, and in their mind, exactly what the definition above states.
And I hate to break it to you, but, THAT is communism.
Do we, in Canada, have that system, do any countries in Europe use that system, ?
A 2nd question, and try to answer it your self, without copying something you found on the net, what is a socialist?
In closing, I will not lower myself to your level with an insult.
FAST
That is the long accepted definition of socialism, as you have now learned, but won't state.From; http://oxforddictionaries.com/definition/socialism[/B]
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
policy or practice based on the politcal and economic theory of socialism.
That "dozen of subsets", is a typical response from a someone who will not admit that socialism does not exist, except in the delusional mind of a unionist and the NDP, oh and Greece.
Ask a unionist or a NDP member what it means, you will get an answer a lot shorter, and in their mind, exactly what the definition above states.
And I hate to break it to you, but, THAT is communism.
Do we, in Canada, have that system, do any countries in Europe use that system, ?
A 2nd question, and try to answer it your self, without copying something you found on the net, what is a socialist?
In closing, I will not lower myself to your level with an insult.
FAST
We are a Social Democratic country, not a Communist one. I'll take the word of Eugene Forsey, a lecturer friend of mine, over yours any day.That is the long accepted definition of socialism, as you have now learned, but won't state.
That "dozen of subsets", is a typical response from a someone who will not admit that socialism does not exist, except in the delusional mind of a unionist and the NDP, oh and Greece.
Ask a unionist or a NDP member what it means, you will get an answer a lot shorter, and in their mind, exactly what the definition above states.
And I hate to break it to you, but, THAT is communism.
Do we, in Canada, have that system, do any countries in Europe use that system, ?
A 2nd question, and try to answer it your self, without copying something you found on the net, what is a socialist?
In closing, I will not lower myself to your level with an insult.
FAST
Taking something off the net that reflects my views is faster and easier. The time and effort spent is about all I'll spend answering your question. If you won't believe someone who know more than you and I combined and probably most of the members on this BB. why would you believe me, so it's a waste of energy.
I may offer up web references, but then you offer up nothing, but your opinion.
Absolutely 100% wrongCaterpillar had both tax breaks and ...
Caterpillar received no tax breaks
What the govt did was allow for ac cerated depreciation on the purchases of their product (locomotives) by their customers
LOOK IT UP, you damn fool
You are too much
Just say what sounds good for your cause and do not worry about the facts
Do some research next time before you make a decision about what is right or wrong
You were right in your asumption that I made a typo & have corected it
Thank You for that
Now smarten up
Nothing to say
I can only assume you can't, or won't offer your opnion, and thats fine, ........ but DO NOT negativly comment about my views when you have none.
FAST
Although I keep asking you, you never offer "your" view of what the terms socialism/socialist means.We are a Social Democratic country, not a Communist one. I'll take the word of Eugene Forsey, a lecturer friend of mine, over yours any day.
Taking something off the net that reflects my views is faster and easier. The time and effort spent is about all I'll spend answering your question. If you won't believe someone who know more than you and I combined and probably most of the members on this BB. why would you believe me, so it's a waste of energy.
I may offer up web references, but then you offer up nothing, but your opinion.
I can only assume you can't, or won't offer your opnion, and thats fine, ........ but DO NOT negativly comment about my views when you have none.
FAST
Sounds like a tax break to me.Absolutely 100% wrong
Caterpillar received no tax breaks
What the govt did was allow for ac cerated depreciation on the purchases of their product (locomotives) by their customers
LOOK IT UP, you damn fool
