Post by Justa GuyAs a business owner and employer I can tell you for a fact. Canadian
businesses (not the ones subsidized in Quebec with our tax dollars)
cannot be competitive with American business as a result of over
taxation.
Simply put, the Americans are able to reinvest a far bigger percentage
of their profits back into growth and tecnology than are their
Canadian counterparts able to do. Consequently, we lose ground
rapidly.
Canada *could* have a thriving economy and in my opinion, a better
standard of living than the US, *IF* Canadian government was more
small business friendly and worked to LOWER all taxes so Canadians had
more disposable income.
(K): You'd better take another look at the CORPORATE tax rate in Canada
as compared to that of the U.S. Ours has been lower than their for several
years now, so that has NOTHING to do with companies in Canada 'not
reinvesting their profits into growth & technology'. It has to do with
those corporations being able to sell their products to Canadians at high
prices, will having the freedom to PRODUCE the goods in overseas and 3rd-
world countries. Nice.
Now, if you're wondering why the average Canadian has seen THEIR taxes
go up and up and up - as well as their pension and unemployment insurance
premiums - it's to MAKE UP FOR the wonderful tax breaks our Liberal and
Conservative governments have been giving to our corporations.
Read it for yourself, if you don't believe me .........
http://www.fin.gc.ca/toce/2002/cantaxadv2_e.html
Summary
Large- and medium-sized businesses: Average corporate tax rate in Canada
falls below the average U.S. tax rate in 2003.
Five percentage points lower average corporate tax rate in Canada than in
the U.S. by 2006.
Small businesses: Significantly lower corporate tax rates in Canada on
income above C$75,000.
Capital gains: Two percentage points lower average top tax rate in Canada
than the typical top capital gains tax rate in the U.S.
A C$500,000 lifetime capital gains exemption for small business shares
that has no equivalent in the U.S.
Research and development: A 20-per-cent research and development (R&D) tax
credit in Canada for all R&D expenditures compared to the U.S. 20-per-cent
credit for incremental R&D.
A 35-per-cent refundable tax credit available to smaller
Canadian-controlled private corporations; no equivalent in the U.S.
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Post by Justa GuyKeep in mind Americans are not paying for such wasteful things as
bilingualism.
(K): You just might to take a look at the cost of funding their war
chest, though....... Those idiots are keeping their economy alive by
making wars and the arms that are needed to fight those wars.
Post by Justa GuyThe difference between Canada and the US. Canada's financial affairs
are run by politicians which have no more business sense than
housewives, whereas American government financial affairs are run by
*HIRED* experts from the private sector with a proven record of
success.
(K): Fuck you on the 'housewives' comment. Most of the housewives I
know are the ones who control the budgets and do the accounting for their
families. You want the "American experts" like Enron and Dick Cheney's
Haliburton and Michael Milken and WorldCom and Putnam..... etc to run
CANADA'S business they way they've run their American businesses? Man,
you don't know what the hell you're talking about. The biggest white
collar criminals in the world are located in the United States of America.
And George W Bush is cozy with most of them.
Post by Justa GuyIf you think it looks bad now, look back in twenty years, it is going
to get much, much worse in Canada.
(K): Maybe the righwing governments we've been trusting with our affairs
are looking after their own interests and those of their corporate pals,
rather than OUR affairs?
Post by Justa Guy(now comes the respones from the inexperienced, untravelled, non
business owning Canadians that don't truly see or know the difference)
(K): Arrogant ass. YOU're the one who's out to lunch. Don't try your
pre-emptive strikes against those who hold the bigger files on corporate
crimes - in the bloody U.S. of A.
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An election is coming. Universal peace is declared, and the foxes
have a sincere interest in prolonging the lives of the poultry.
- George Eliot