Should Canada raise or lower the tax rate for corporations?
Canada currently levies a 15% - 26% tax on all businesses and each province levies an additional 11% - 16% tax rate. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen's taxes.
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We need to become attractive for entrepreneurs. Dublin Ireland has a 6% corporate tax, hence why they have brought in more money in their banking sector. Instead of it being a one size fits all, what about if it’s gradual the same a personal taxes. Lower rates for businesses that try to have better paying jobs, or have health benefits. Incentify employers to be better employers to their employees with attractive rates based on initiatives, retraining, good pay, equal opportunity etc
Raise for large corporations and eliminate all loop holes
Depends on a wide variety of factors rather than just high or low taxes. Do they add a lot to the economy, and give back to the community through research and development, but also by hiring lots of employees? These are just some of the things that determine how much or how little a company pays.
@7PTCG385yrs5Y
Raise for large international corporations but lower for small businesses, and eliminate deductions and loopholes
@8DDP7D35yrs5Y
Raise takes and eliminate loopholes.
@7PTCG385yrs5Y
Raise for large international corporations but lower for small businesses, and eliminate deductions and loopholes.
@7PTCG385yrs5Y
Lower the corporate tax rate to 28% but eliminate deductions and loopholes.
@7PTCG385yrs5Y
Raise for large international corporations and eliminate deductions and loopholes, but lower for small businesses.
@8G9Q2ZB5yrs5Y
For small corporations no,but big ones yes.
@8S2LJ244yrs4Y
Abolish corporate taxes instead
@7PTCG385yrs5Y
Increase for large international corporations but lower for small businesses. Eliminate deductions and loopholes.
@7VPQLRK3yrs3Y
Remove imposed state and local taxes, but keep at the federal level to balance the playing field across states.
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