So it's more complicated than just lower taxes, just like it's more complicated than just raising taxes. A large number of countries that are annually rated the best are also those that annually have the highest rates of taxation. It's more what you do with what you take in, not how much or how little you take in.
RBC replaces Canadian staff with foreign workers
- Thread starter djk
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No, you are just shy of that
The govt is struggling with a foreign worker program and you want them to dictate staffing level (next would come wage levels) to all corporations ?????
Obviously you are frustrated, as are many Canadians, however it is not justification to go commie red
Rational well thought out policies are required & in many cases the absence of govt intervention is far superior to controls on an anemic economy
Staffing levels? It more a case of hiring from within when there are qualified people available, not the same.
What is not complicated is that lower taxes (and lower wage rates) do attract more capital and investments than higher taxes. If I was CEO of a company, I would prefer to invest my capital in a low tax rate low wage country rather than a high tax rate high wage country.
(In the U.S., there are states that actually compete for business investments.)
Oh really? RBC, CIBC, TD, BMO, BNS have global competition? Ummmm....read that list again -- where's the "global" part? Big 5 are beneficiaries of the regulator's (Government) goodwill.
Similarly, TELUS, Rogers, Bell - who's their competition? All 4 small carriers are now up for sale because the Big 3 control 94% of the market because the government allowed for it so.
Let's not pretend that their business success is due to some awesome management stewardship. It's simple protectionism from the Canadian government, aka, The People of Canada.
Dude, we have the USoA where the unregulated, uncontrolled free market system has been proven to be a failure. Look at the wealth disparity, look at the fact that top 400 people have more wealth than bottom 50% of the population (that's 150 million people).......again: I don't propose throwing away the capitalist baby out with the bath water. Human beings need to strive to be better and work hard but that doesn't mean that corporations go cannibalistic and destroy middle class in N.America while finding modern day slave labor in China and India where they have no labor rights, environment regulations or anything close to what USA and Canada have built over the past 100 years!
The banks and telcos pay a price for this "protection". They are heavily regulated by governments. Look at all the problems BCE is encountering trying to acquire Astral.
Exactly. "Protection".
So let's have these Big 8 banks and telcos work in Canadian interest and not the interest of India and China. A country of 35 Million people can't afford to do that.
True. I was just part of a deal deciding whether a large employment center was located in New York or New Jersey. It all came down to which state was willing to give the biggest tax breaks over time.
KK
Here too. Edmonton did that for Dell and Dell finally walked out in 2008.
http://www.canada.com/edmontonjournal/columnists/story.html?id=5a271a32-2b78-4f27-ab1a-e5a5a04ee2cb
And this short term tax benefits analysis is just that, short term. There's more to location than just tax cuts. There's never been another Silicon Valley because the talent pool generated by the unique combination of UCB and Stanford across each other has never been replicated. Similarly, different regions have different strengths. But now, the cheap and easy way is to look for tax breaks. I hope governments recognize that when the business cycle changes, companies will walk out and negotiate with companies from that perspective.
Yes, that's what I advised as well. Negotiate the initial tax break so that it last long enough that the company can relocate after it expires.
KK
They have a charter that eliminates foreign competition, where is BofA, HSBC, WellsFargo, etc? They aren't allowed in except to do limited business. Seems to be a monopoly to me.
dollars of coarse
That translates into staffing levels, although not throwing $ @ public employees (e.g teachers) would be a good start
Something like that. If I had any real power with them I'd tell them to move out of NY/NJ to somewhere civilizedLet me guess - management consultant?
CBC had a good interview with Mulcair this morning.
(pause while I wait for the blood to boil with the right wingers for daring to mentioning two 'pinkos' in one sentence).
He argues, very well, that Harper is using the foreign worker rules to further the corporate agenda for down pressure on Canadian worker wages.
Mulcair points out that we are all immigrants here, what's different is this is the first time we've brought in people legislated to make less money then us and who have no chances on becoming Canadians.
First wedge issue of the next election.
(pause while I wait for the blood to boil with the right wingers for daring to mentioning two 'pinkos' in one sentence).
He argues, very well, that Harper is using the foreign worker rules to further the corporate agenda for down pressure on Canadian worker wages.
Mulcair points out that we are all immigrants here, what's different is this is the first time we've brought in people legislated to make less money then us and who have no chances on becoming Canadians.
First wedge issue of the next election.
Dude
that system may not be perfect, however it fosters innovation, progress and the willingness to assume risk
free markets are the reason you are able communicate on the internet, buy pussy, have easy access to material goods as well as clothe and feed yourself.
they have cycles, some good, some not so good
However in the long run it is far and away better than any alternative
The surest way to fuck it all up is to have greater govt intervention or bigger govt
History has shown that state planned economies just do not work
If the top 400 people have more wealth than 50% of the population, then rest assured that those 400 people are the ones putting
How do you think companies like Microsoft, Amgen, Ford or even GE got started?
Good ideas, Part of he answer. But nothing happens without risk capital
Some rich dude was willing to put their money at risk.
Nitwits like you do not understand this and you want to change it , just because it does not seem fair
Well if you want a state controlled economy go try Cuba or North Korea & see how that feels
no uber rich people there, just poor ones
Hell even the Chinese figured out that state controlled economies (after 50 years of trying0 just do not work & have embraced capitalism like nobody before
You are such an idiot
This type of position consumes way more time for existing staff to train this intern than any value he / she may provide in the contract period
A successful candidate would obtain that oh so difficult to gain experience & open up the doors to a very lucrative career.
I bet they get over a thousand applicants
Could RBC afford to pay this kid some $ ? Of coarse, but this is not designed to be a cost savings program, rather it is designed to identify those with a passion for the work
you do not think these things through before you post do you?
You are just a headline troll trying to push a left wing agenda without regard for the actual reality of the situation
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