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Thread: Canada Slashes Business Levies

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    Canada Slashes Business Levies

    Canada Slashes Business Taxes to Lure Investment - WSJ.com

    The latest tax cut is Canada's fourth in as many years and will lower its federal corporate income-tax rate from the current 18% to less than half of the U.S.'s 35%, at a time when economists and government officials fret that high U.S. taxes could be discouraging investment south of the border.

    In 2012, Canada plans to cut its corporate taxes further, to 15%, bringing combined provincial and federal taxes to about 25%, from a combined average of 42.6% in 2000.
    Undoing the damage of the Commi sympathizer Trudeau and a series of Commi-Lib governments. Who would have thought Kanuckistan might be a better place to set up shop than the US. My, how far we've sunk.

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    Re: Canada Slashes Business Levies

    The Celtic tiger was fuelled by undercutting corporate tax rates. What price Ireland's economy today?
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by zimmer View Post
    Undoing the damage of the Commi sympathizer Trudeau and a series of Commi-Lib governments. Who would have thought Kanuckistan might be a better place to set up shop than the US. My, how far we've sunk.

    .
    Oh deary me. Commie Sympathizer, commie lib governments...

    I'm glad your dogmatism in American politics doesn't spill over too much into Canadian politics.

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Manc Skipper View Post
    The Celtic tiger was fuelled by undercutting corporate tax rates. What price Ireland's economy today?
    To be fair, Irelands low tax rate did not have much impact on the failed Irish economy or even the "Celtic Tiger".

    As for the OP biased partisan hatchet job.. the US has the highest tax rate on paper yes, but in reality most major companies dont pay much at all since they have deductions, tax breaks and miss-use tax laws to avoid paying any taxes at all. The only ones really "hurting" may be the smaller and medium companies who cant afford the big lawyer bills.
    PeteEU

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by PeteEU View Post
    To be fair, Irelands low tax rate did not have much impact on the failed Irish economy or even the "Celtic Tiger".

    As for the OP biased partisan hatchet job.. the US has the highest tax rate on paper yes, but in reality most major companies dont pay much at all since they have deductions, tax breaks and miss-use tax laws to avoid paying any taxes at all. The only ones really "hurting" may be the smaller and medium companies who cant afford the big lawyer bills.
    So if I look up corporate tax revenues, it'll say zero, right?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Jetboogieman View Post
    Oh deary me. Commie Sympathizer, commie lib governments...

    I'm glad your dogmatism in American politics doesn't spill over too much into Canadian politics.
    He was branded one because he was one, and he lead Kanuckistan down the dark road of socialism. He was a Commi-Lib, back when Commi-Libs were coool baby. Groovy. Dontcha know it?

    I know Kanuckistan well, having lived there too.

    Obama is America's Trudeau in so many ways. Arrogant, defiant, economically illiterate, and dislikes the United States; that's why Tru-Obama seeks to change it radically.

    Whereas Obama bows, Trudeau shouted Viva Castro! upon arrival in Cuba. Obama knows he has to follow Alinsky's Rules and seem non-threatening... but the game is up on America's Trudeau. It took Americans up to the start of the Tea Party, and election of Brown to figure Obama out. Kanuckistani's never really figured Trudeau out, letting the Commi Sympathizer serve for some 15-years. His political HIV still infects the country.

    ACLU: A History of Ideological Exclusions
    1952 - PIERRE TRUDEAU (Former Prime Minister of Canada)

    The State Department blacklisted Pierre Trudeau after he attended an economic conference in Moscow. Though branded as a communist sympathizer, Trudeau got into some trouble in the Soviet Union after throwing a snowball at a statue of Stalin. In spite of these early diplomatic problems, Trudeau later served four terms as Canada's Prime Minister.
    Pierre Trudeau - A Systematic Look at Trudeau's Legacy
    Mr. Trudeau's legacy has been particularly forgettable. The social models he promoted and admired, from outright Communism to the lib-left's peculiar quasi-Marxist, quasi-Keynesian structures of command economy, have not only been discarded and discredited, but ended up "in the dustbin of history," to borrow the Politburo's favourite idiom.
    David Frum (whose piece in The Wall Street Journal was titled "A Great Man, but a Catastrophic Prime Minister"), writing in this paper, helped to dispel one particularly misleading myth about Mr. Trudeau with his accurate description of Canada's Charter of Rights and Freedoms as "the opposite of a liberty-enhancing document."
    Mr. Castro acted as pallbearer at Mr. Trudeau's funeral because he and the former prime minister of Canada were friends. On a 1973 visit to Havana, Mr. Trudeau felt moved to shout "Viva Castro!"
    Mr. Trudeau embraced Communist despots wherever he could find them. On his four visits to China between 1960 and 1979, he continually played the role of appeaser and apologist, first to Mao Zedong, and later to his heirs. In 1973, he defended Mao's policies in Canada's Parliament, oblivious to (or uncaring about) the fact that he was seeking accommodation with a system responsible for the deaths of some 80 million people. In 1981, Mr. Trudeau expressed sympathy for Poland's General Wojciech Jaruzelski. This was after the notorious general in his trademark pink Neophane glasses banned Solidarity and jailed or sent into hiding its leaders, including Lech Walesa. In 1983, Mr. Trudeau argued with some passion in Parliament that he simply "couldn't believe" the Soviets would knowingly destroy a commercial airliner. This was after the Kremlin finally admitted knowing that Korean Air Flight 007 was a passenger plane, and justified shooting it down along with its 269 passengers because it was "spying."
    But in an astounding reversal, even the mention of Mr. Trudeau's Communist associations has been viewed as not quite comme il faut in Canadian society.
    Mr. Trudeau's economic ideas embraced wage-and-price control, deficit financing, confiscatory taxation, intrusive social engineering and the National Energy Policy.
    It's possible to quantify the economic results of Mr. Trudeau's legacy of Big Government, as the columnist Eric Margolis did recently. The national debt grew from $11.3-billion in 1968 to $128-billion in 1984. The annual federal deficit went from zero to $25-billion. Ottawa's spending rose from 30% of Canada's total economic output to nearly 53%; our dollar plummeted from around US$1.06 in 1970 to 66 cents today. The unemployment rate has been running between three and five percentage points higher here than in the United States, and Canada reduced itself from being one of the world's three richest nations 30 years ago (along with Switzerland and the U.S.) to one of the three leading debtor nations in the West, alongside Belgium and Italy.
    Though Canada no longer runs an annual deficit, the debt Mr. Trudeau entrenched, and Brian Mulroney continued to cultivate, remains. Today it exceeds half a trillion dollars.
    No... Trudeau was a free market Capitalist and staunch anti-Communist all the way.

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    Last edited by zimmer; 12-31-10 at 11:46 AM.
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    Re: Canada Slashes Business Levies

    Trudeau ushered in multi-culturalism as official Canadian policy. Worst move ever in Canadian politics. He was a flaming liberal, and that's being kind to him. I grew up in Canada during those years, and it was nasty. I was too young to realize most of what was going on, but as I matured I began to feel the pinch of liberalism everywhere. Trudeau also began the move to universal healthcare, you know, that free thing all Canadians would get.

    Of course it really wasn't free at all..

    Harper is worlds apart, and although not a perfect conservative, a planet size difference to the American left, and RINO's we have here. He's also very well spoken, and IMO make Obama's speech abilities look juvenile!


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    Re: Canada Slashes Business Levies

    Quote Originally Posted by PeteEU View Post
    To be fair, Irelands low tax rate did not have much impact on the failed Irish economy or even the "Celtic Tiger".

    As for the OP biased partisan hatchet job.. the US has the highest tax rate on paper yes, but in reality most major companies dont pay much at all since they have deductions, tax breaks and miss-use tax laws to avoid paying any taxes at all. The only ones really "hurting" may be the smaller and medium companies who cant afford the big lawyer bills.
    Canada doesn't have any of that?

    I've been paying business taxes for ten years, now and I've never paid zero.
    Last edited by apdst; 12-31-10 at 07:47 PM.
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    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Canada Slashes Business Levies

    Quote Originally Posted by PeteEU View Post
    As for the OP biased partisan hatchet job.. the US has the highest tax rate on paper yes, but in reality most major companies dont pay much at all since they have deductions, tax breaks and miss-use tax laws to avoid paying any taxes at all. The only ones really "hurting" may be the smaller and medium companies who cant afford the big lawyer bills.
    There are legitimate tax breaks given because they stimulate an economy, but most of those big companies getting unfair tax breaks get them because of ridiculous earmarks and similar mechanisms where the federal government decides to put its thumb on the scales to decide which companies deserve to be the big winners. Doesn't it sort of remind you of recent injustices like: waivers for Obamacare, ethanol subsidies, extreme wind and solar energy tax credits?
    Obama lied... Ambassador Stevens died!

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