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Originally Posted by jasonturbo
Care to provide some examples? (Other than the one example everyone knows about which is BK)
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hm, it hasn't really happened in the last year (at least with major firms) thanks to the US' moves to prevent 'tax inversions' from happening
but another major publicly traded company that i can recall is Valeant Pharmaceuticals from the US, and Allergan iirc
if you read the business section of 'globe and mail' they were constantly printing stories regarding US firms small and large leaving the US and coming to Canada and elsewhere
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Yes tax rates are lower now because the rate has been cut approximately 8-10% between the last liberal and conservative governments, still not attracting people to do their business in Canada, just look at trade deficit and GDP if you don't agree.
Point is, we have slashed corp taxes and that did not stimulate business enough, so why elect someone who wants to increase corporate taxes?
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so what you're saying is the conservatives tried and failed with their easing up on corporations...they also neglected our manufacturing sector (it's gone...) why not raise the taxes up a bit? we are still incredibly competitive worldwide and among OECD member states (KPMG argues Canada has the best corporate tax system with all things considered)
the NDP on the other hand wants to support the manufacturing industry and create jobs in canada...with our low dollar now, and likely for some time, i could see a manufacture sector thriving, if properly supported but the cons want to pretend that there isn't a problem, while selling away everything to foreign corporations/nations