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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@B2VNVNW2mos2MO
Raise taxes on corporations, tax shareholders, aggressively donate tax evaders, eliminate tax loopholes, deductions are not a guarantee, workers wages and programs and job protection factor into deductions and breaks.
@9GPTJ2D1yr1Y
Lower them for corporations that contribute to federal policy and national social values (eg, production of green energy); raise them for corporations that do not contribute to these (eg, production of low nutrient foods/beverages).
@9GNXXXT1yr1Y
It really depends. There could be legally binding agreements that we have with other nations which could get in the way, as well as cause trouble for the tax structure and government.
@9WYDMSD6mos6MO
increase on foreign corporations, lower on local businesses, lower even more on small businesses and tax shareholder dividends on all corporations.
@9VVXW3CIndependent6mos6MO
Stop taxing us hard working people and tax the politicians and government they should pay for all this war that they have caused for payers for the taxes and fees and infatuation
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.
@9GPTJ2D1yr1Y
Both - Lower them for corporations that contribute to federal policy and national social values (eg, production of green energy); raise them for corporations that do not contribute to these (eg, production of low nutrient foods/beverages).
@95CHLHCLibertarian3yrs3Y
No, and get rid of it all together alongside the state.
@93KS3GS3yrs3Y
Increase and close loop holes for all corporations and eliminate deductions for large multinational corporations.
@937LMWD3yrs3Y
should implement a simpler form of taxation and varying rate of taxation based on the type and industry of the business in question.
@8TXVXML4yrs4Y
Restructure Revenue Sourcing, we need to eliminate all taxes on Individuals. Keep tariffs on foreign goods, and a royalty to sales of Goods, Services, Franchise Fees, and Stock Sales by non-Sole Owned Companies. Even look at crowd funding on a voluntary level.
Raise the tax rate for corporations significantly, then nationalize all industries when the situation allows
@8T9NTX44yrs4Y
Raise, and also eliminate deductions and loop holes
No, we do not want Capitalist to be more Capitalist
@8QFCQGTNew Democratic4yrs4Y
Raise for large corporations and close loopholes and deductions.
@8VMXG844yrs4Y
why does the government do a cash grab every chance it gets from non-profit societies and charities,s but lets rich people actually make a profit have all kinds of loopholes?
@8YZY2463yrs3Y
tax the rich more harshly
@8XMLGT43yrs3Y
Canadian corporate tax rates should be competitive with other countries that are our competitors.
@8X2LCJJ3yrs3Y
Raise, and remove all private businesses
@8VVPS7F4yrs4Y
Raise or force them to make donations to non-profits.
@9CQ8CWT2yrs2Y
Raise and eliminate deductions and loopholes for corporations, lower taxes on small buisness
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.
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