That's what I propose we rename this forum to.
5 threads about CANADIAN politics???
ac_wot
Quote from: "SPECTRE"
5 threads about CANADIAN politics???
ac_wot
I started one and responded to two others..
My apologies SPECTRE..
Politics is a silly, dishonest business.
True. Apologies not necessary. But I would hope that The Blue Cashew is less nationalistic than Van.
Quote from: "SPECTRE"
I hadn't really thought about whether I am nationalistic or not.
ac_umm
Start different threads if you want variety Spec. You can't change other people.
Hahaha! Enjoy your green Alberta!
Quote from: "RW"
The NDP's version of green Alberta? Taking more green out of everyone's pocket?
Corporations anyway.
Quote from: "RW"
Everyone will pay more. Corporations are not people, we pay the bills.
Quote from: "Shen Li"
Quote from: "RW"
Everyone will pay more. Corporations are not people, we pay the bills.
No they aren't which is why they don't deserve tax breaks.
Quote from: "RW"
Quote from: "Shen Li"
Quote from: "RW"
Everyone will pay more. Corporations are not people, we pay the bills.
No they aren't which is why they don't deserve tax breaks.
Corporate taxes are the most inefficient taxes ever created. About 95 jurisdictions around the world have lowered them. I say get rid of this antiquated tax entirely. We all pay for corporate taxes, so hopefully some smart cookie comes along and not only realizes that, but replaces it with something useful.
Why shouldn't corporations pay taxes? They depend on and profit off of government services and infrastructure. That stuff isn't free.
Why should the average Canadian taxpayer have to pay more? Canadian corporations are making plenty of profit. Lowering the federal corporate tax rate hasn't made anything any better. They're only making more money and greedily hanging on to it!
Quote from: "Romero"
Why should the average Canadian taxpayer have to pay more? Canadian corporations are making plenty of profit. Lowering the federal corporate tax rate hasn't made anything any better. They're only making more money and greedily hanging on to it!
For the umpteenth time, higher corporate taxes means higher taxes/fees for you and I not some inanimate entity. We pay it, you and I. Defined benefit pension plans are heavily invested in them. I don't like paying more for most most expensive government per capita, which is why I oppose Nothead's plans to charge us all more through higher corporate taxes.
Why should I have to pay more for everything. Governments already have enough money. They are getting greedy nowadays. We had companies move to Calgary after Klein lowered corporate taxes besides leaving more money in our pockets.
It's our money dammit. They don't need to be charging us anymore through outdated corporate tax increases.
If corporations don't pay their fair share in taxes, which are already low enough, then the average taxpayer has to make up for it. Alberta provides roads, electricity, water etc. for the oil sands, so why should only citizens pay for all that?
Corporations prosper because of government services and infrastructure. They should pay a little for it. It's not fair to have the average citizen foot the entire bill for a company making millions. Aw, making millions isn't good enough?
Alberta has a low corporate tax rate. What did it get you? A $5 billion deficit!
ac_boring
Quote from: "Romero"
Corporations prosper because of government services and infrastructure. They should pay a little for it. It's not fair to have the average citizen foot the entire bill for a company making millions. Aw, making millions isn't good enough?
Alberta has a low corporate tax rate. What did it get you? A $5 billion deficit!
For once, I am in accord with Romeo...there is no such thing as "lower taxes". It is a phantom phrase, like "free health care and education", or "democracy".
Someone's lower tax is another's higher tax.
and a corps high tax is everyone's higher tax - corps selling price is always based on costs- they have to survive AND still have to compete
"Someone's lower tax is not another's higher tax when facilities / production are increased and more work = bigger tax base
Further, the effect on selling to other counties is obvious (high taxed companies just don't sell overseas and so obviously fewer work).
Possibly it's all too simple a thing for some to understand in our man-made-complex world
edit - same for carbon tax & any restrictions not followed by other countries - higher costs > higher selling prices > no sales to other countries > fewer jobs at home .. also too simple a thing for some to understand
Quote from: "Romero"
Corporations prosper because of government services and infrastructure. They should pay a little for it. It's not fair to have the average citizen foot the entire bill for a company making millions. Aw, making millions isn't good enough?
Alberta has a low corporate tax rate. What did it get you? A $5 billion deficit!
Why do I have to explain things over and over to you. We have been running deficits because the PC's had abandoned Ralph's legacy and spend more per capita than any other province. Something like 60-70% of revenue(depending on how numbers are calculated) go to snivel serpent wages. Charging the people more for everything through higher corporate taxes, carbon taxes, etc will not solve the PC/NDP spending problem.
BTW, Ralph Klein lowered income taxes and not only paid off our deficit, he paid off our debt. This left more money in everyone's pockets.
Corporations are owned by shareholders. Who are shareholders who own the corporations. It is all of us. Through the investments we make with our RRSP's, our TFSA's, defined benefit pension plan if you have one and also our CPP. When money is taken away from corporations which is all of us, less moeny is available for our retirement. Less money spent on capital means diminishing returns on all of our future financial security. Higher taxes sounds like a shift in the tax burden from the middle class to the wealthiest of citizens, but the reality is the opposite.
Where Shen Li is wrong is the belief that the biggest factor in deciding where to allocate capital spending is taxation levels. The number one criteria is and always has been profitability. If they can get an acceptable return on their investment which are our investments, they will invest capital. What she is right about, is that in a period of low commodity prices, higher taxes will hurt capital expenditure. If oil and gas prices make a significant rebound next year, higher corporate taxes will not affect capital spending out West. If the Alberta premier elect is determined to raise taxes on Canadian shareholders, she should hold off until prices stabilize.
Quote
With the deadline to pass a budget drawing closer, Wisconsin Governor Scott Walker and his allies had been counting on increased tax revenue from a rebounding economy to help them avoid painful cuts to the state's public primary schools and universities. But the nonpartisan Legislative Fiscal Bureau dashed those hopes this week, telling lawmakers they can expect no new revenue at all.
One of the biggest contributors to the crisis are Governor Walker's 2011 tax cuts, which disproportionately benefit wealthy property owners and corporations, and have cost more than twice as much as originally predicted. New data shows the credits will cost the state at least $275 million in additional lost tax revenue over the next two years.
The tax cuts are a major cornerstone of Governor Walker's tenure — one he brings up in nearly every speech he's made as he "explores" a bid for the White House.
But the singular focus on slashing taxes has taken the state from a billion dollar surplus to a nearly $2 billion deficit.
In Kansas, Governor Sam Brownback's tax cutting overhaul left the state coffers so low that public school districts will close down early this year.
In Louisiana, Governor Bobby Jindal — another likely candidate for president in 2016 — has chosen to preserve corporate tax breaks and cut the budget of the Louisiana State University system so deeply that the schools are exploring bankruptcy.
And in Illinois, Governor Bruce Rauner's budget that seeks to cut both income and corporate taxes and funding for the state's universities is running into trouble this week. The Civic Federation, a budget watchdog, officially came out against the plan this week, calling it "unrealistic" and "unachievable." In the state House of Representatives, the budget failed to get a single "yes" vote.
//http://thinkprogress.org/election/2015/05/07/3655893/scott-walkers-corporate-tax-breaks-come-back-haunt/
^Misleading, but what else would one expect from a tp editorial.
Most of the tax cuts did NOT come from corporate tax cuts.
Quote
Although they were numerous and multifaceted, those business tax cuts were not particularly large, as shown in Figure 1. The bulk of Walker's tax relief would come with individual rate cuts enacted in 2013 and his property tax cuts in 2014.
In 2014 Walker switched his emphasis from income to property tax cuts. In March of that year, he signed legislation reducing property taxes by $406 million in 2014-2015. That was in addition to $75 million in property tax reductions for 2013-2014 enacted in the prior year.
http://www.forbes.com/sites/taxanalysts/2015/05/06/walker-in-wisconsin-a-1-sweater-and-2-billion-in-tax-cuts/