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US Tax Changes should Trigger Bold Reform in Canada
Thursday, March 14th, 2019
The authors propose a cash-flow tax, or what economists call a tax on economic “rents” which would involve the immediate write-off of all capital expenditures coupled with the elimination of the debt-interest deduction. The idea is to replace the corporate income tax with a tax that applies only to above-normal return on investment and is, therefore, neutral with respect to business investment and financing decisions.
Tags: economy, ideology, standard of living, tax
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