?Impact
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The effective corporate tax rate in Canada could double and still it would be lower than in the US.
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How do you figure this to be true? The effective tax rate in the US is 27%. Canada's is roughly the same.
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That is according to a report from the Congressional Budget Office. I went to their website yesterday looking for the TrumpCare report and also found one on corporate taxes. It lists the effective tax rate in the US at 18.6%, and Canada at 8.5%. Yes, there are all those higher fake rates that people like to quote, but when you look at what is actually paid it is significantly lower.
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But this isn't what is actuallly paid....it's a statistical model created by the CBO for the attempt to compare. Look at Appendix B as they show how these sensitive factors greatly affect the overall rates. In one of the cases Canada and the US had negative tax rates.
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