|
Corporate tax cuts are good for workers
Friday, November 5th, 2010
October 20, 2010
… cancelling scheduled corporate tax cuts (set to drop to 15% in 2012), would seriously harm Canadian workers and hamper the economic recovery. Taxing business revenue has the effect of extracting a portion of the profits generated by companies. When such taxes are raised, it pushes companies to invest elsewhere. We therefore lose the investments that could have increased our productivity. As a consequence, it is workers who in practice bear the costs of raising corporate taxes.
Tags: economy, globalization, ideology
Posted in Debates | 3 Comments »
Recent Comments