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@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 3wks ago

Should the government raise or lower the tax rate for corporations?

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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15 Replies

 @9LJGNWTPeople’s from British Columbia  answered…1yr1Y

Tricky, large multinationals already move income to low or zero taxation locations and simply break even or operate at a loss in the local country. Tax their GROSS REVENUE and ELIMINATE their ability to fund politicians. Political representatives should only be supported by human beings, not fictitious legal constructs.

 @8PJSRNZConservativefrom Ontario  answered…4yrs4Y

We should lower it, due to Covid-19 at the moment. This way employees can afford to hire more workers.

 @8TWDTHBConservativefrom Alberta  answered…4yrs4Y

Lower, but only gradually after the federal budget is balanced.

 @8Q6C4Y4 from Florida  answered…4yrs4Y

Lower partially, then lower it further after the national debt is reduced

 @8CN7P7L from New Jersey  answered…4yrs4Y

Yes, that will keep jobs in the U.S and hopefully encourage companies to move to the U.S

 @8DPWTGP from Wisconsin  answered…5yrs5Y

Keep it at the worldwide rate to maintain a place in the global market.

 @8HX2KD5 from Texas  answered…5yrs5Y

Remove taxes on corporations, but the individual income of the shareholders and corporate officials should pay income tax like everyone else.

  @MSelvig from Wyoming  answered…3yrs3Y

Neither. We should do away with the current tax system and pass The FAIRTax.

 @8LYLWBG from Colorado  answered…4yrs4Y

Yes but only the big corporations

 @8T58M5P from Connecticut  answered…3yrs3Y

lower for small, but keep for large

 @8YDDQXR from Illinois  answered…3yrs3Y

its okay the way it is.

 @93DHP4B from Kansas  answered…3yrs3Y

Eliminate the income tax by repealing the 16th Amendment

 @8M3JMYS from Idaho  answered…4yrs4Y

not knowledgeable for this

 @heatherdvdprincessanswered…3yrs3Y

Flat tax it and continue to offer tax incentives for things that help the economy (in ethical ways), provided that they ultimately make us more money

 @heatherdvdprincessanswered…4yrs4Y

Flat tax it and continue to offer tax incentives for things that help the economy (in ethical ways)

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