Making Outsourcing Work for Canada

[whowhere]

It's time Canada stops propping up the GDP of other Countries by allowing them to outsource Canadian work. The dot com era was suppose to make Canada a knowledge based economy and that industry went bust for Canada and has since become low paying. This insult is further perpetuated by the likes of the Sasketchewan Wheat Board which fired 140 IT professionals and outsourced this work to India. The Big Banks are also Notorious for outsourcing jobs to India and other Countries. Really, that has been the Scourage of North America Services and Manufacturing being done deliberatly in Lower Costs Countries only to have the fruits of these efforts brought back into Canada for the Benefit of the Greedy Corporation.

Well, I say we need to learn a lesson from this. Corporation need to be treated accordingly. They are creatures of Regulations and Rules and their purpose is to maximize profits for their investors. Ok fine. In this environment of Globalization putting tariffs on exports is off the table. Free trade is truly about one country's companies having uninhibited access to other markets and sell their products. A product could also be Engineering expertise to construct a brigdge or something else. This creates GDP for the country of origin. This is really free trade. Instead what corporate America has been doing is outsourcing their input work such as a customer service or IT to low cost countries or have turned to manufacturing their products in places such as China to import those products back into the US or Canada. Well this wrong, and its time Canada and the US wake up and do something about this scourage.

What to do?

1/ Put an outsourcing tax on this work to represent the lost income tax revenue that ought to have been paid had these companies perform their business on the level

2/ Establish A law requiring all outsourced work be paid through a government agency in the Currency of Canada. Why? Leverage. The US took advantage of China by paying China back 1 Trillion in Printed money for the Treasury Bills they owned. This agency will pay these outsourced Companies with Printed Canadian Money and Canada can pocket the money paid out by the Greedy Canadian corporations to reinvest in Canada in the Way of Infrastructure and technologically advancement. Doing this will create currency conversion jobs in Canada and help the Forex exchange. Doing this will either encourage these Banks and other corporations who do this to start employing Canadians to do this work, which is what we really want or Canada will get the benefit of having this "free" money to use for the betterment of Canada.

3/ Alberta Oil Sands trades 700 Billion a day in oil with the US everyday. Some of thes These Oil sands companies have been paying in US curreny. Canada has to step in and plug this act. These oil sands companies also outsource alot of work to companies in texas to only have the results of that work brought back into to Alberta to aid in the Oil Sands extraction. Once again, if the work such as customer service, IT, Machine Repair, whatever is deliberately sent to another country to be done for whatever reason Canada needs to step in the middle of this transaction with a Government Agency who will tax this outsourced work to replace the lost income tax revenue then proceed to pay these companies in printed Canadian currency and pocket the money paid out by the company to be used to reinvest in Canada's infrastructure and technological advancement. Once again to goal is to have input work to the operation of a Company be done here in Canada and not done elsewhere. Having input work done elsewhere is of no benefit to growth and GDP of Canada.

4/ It appears Canada also has a number of Immigrants and so called refugees who have come to Canada who proceed to send money from their employment to their country of origin. What this does is hurt Canada's microeconomics or takes away idle money which could have been lent or invested by a financial institution for some benefit of Canada. Instead we have these Immigrants and so called refugees taking advantage of Canada and propping up another Countries GDP at Canada's expense. Once again, Canada needs to start putting a tax on money exported out of Canada for this purpose. Canada also has to have this money put through this government agency and these recipients paid out in printed Canadian money. Of course the money generated by this new tax and sent in can be used to lower Canada's taxes in line with that of the US.

Economics is more than just getting a calculator and typing amount time 13%. That's boring, Canada needs to get with the program and start taking advantage of the dynamics of Canada.

[Jerry J. Fortin]

It's time Canada stops propping up the GDP of other Countries by allowing them to outsource Canadian work. The dot com era was suppose to make Canada a knowledge based economy and that industry went bust for Canada and has since become low paying. This insult is further perpetuated by the likes of the Sasketchewan Wheat Board which fired 140 IT professionals and outsourced this work to India. The Big Banks are also Notorious for outsourcing jobs to India and other Countries. Really, that has been the Scourage of North America Services and Manufacturing being done deliberatly in Lower Costs Countries only to have the fruits of these efforts brought back into Canada for the Benefit of the Greedy Corporation.

Well, I say we need to learn a lesson from this. Corporation need to be treated accordingly. They are creatures of Regulations and Rules and their purpose is to maximize profits for their investors. Ok fine. In this environment of Globalization putting tariffs on exports is off the table. Free trade is truly about one country's companies having uninhibited access to other markets and sell their products. A product could also be Engineering expertise to construct a brigdge or something else. This creates GDP for the country of origin. This is really free trade. Instead what corporate America has been doing is outsourcing their input work such as a customer service or IT to low cost countries or have turned to manufacturing their products in places such as China to import those products back into the US or Canada. Well this wrong, and its time Canada and the US wake up and do something about this scourage.

What to do?

1/ Put an outsourcing tax on this work to represent the lost income tax revenue that ought to have been paid had these companies perform their business on the level

2/ Establish A law requiring all outsourced work be paid through a government agency in the Currency of Canada. Why? Leverage. The US took advantage of China by paying China back 1 Trillion in Printed money for the Treasury Bills they owned. This agency will pay these outsourced Companies with Printed Canadian Money and Canada can pocket the money paid out by the Greedy Canadian corporations to reinvest in Canada in the Way of Infrastructure and technologically advancement. Doing this will create currency conversion jobs in Canada and help the Forex exchange. Doing this will either encourage these Banks and other corporations who do this to start employing Canadians to do this work, which is what we really want or Canada will get the benefit of having this "free" money to use for the betterment of Canada.

3/ Alberta Oil Sands trades 700 Billion a day in oil with the US everyday. Some of thes These Oil sands companies have been paying in US curreny. Canada has to step in and plug this act. These oil sands companies also outsource alot of work to companies in texas to only have the results of that work brought back into to Alberta to aid in the Oil Sands extraction. Once again, if the work such as customer service, IT, Machine Repair, whatever is deliberately sent to another country to be done for whatever reason Canada needs to step in the middle of this transaction with a Government Agency who will tax this outsourced work to replace the lost income tax revenue then proceed to pay these companies in printed Canadian currency and pocket the money paid out by the company to be used to reinvest in Canada's infrastructure and technological advancement. Once again to goal is to have input work to the operation of a Company be done here in Canada and not done elsewhere. Having input work done elsewhere is of no benefit to growth and GDP of Canada.

4/ It appears Canada also has a number of Immigrants and so called refugees who have come to Canada who proceed to send money from their employment to their country of origin. What this does is hurt Canada's microeconomics or takes away idle money which could have been lent or invested by a financial institution for some benefit of Canada. Instead we have these Immigrants and so called refugees taking advantage of Canada and propping up another Countries GDP at Canada's expense. Once again, Canada needs to start putting a tax on money exported out of Canada for this purpose. Canada also has to have this money put through this government agency and these recipients paid out in printed Canadian money. Of course the money generated by this new tax and sent in can be used to lower Canada's taxes in line with that of the US.

Economics is more than just getting a calculator and typing amount time 13%. That's boring, Canada needs to get with the program and start taking advantage of the dynamics of Canada.

Good luck with your plan.

[Michael Hardner]

You're trying to address a situation that has been around for more than ten years. I don't think banks could find the talent to in-source what went to India starting in 1998.

[whowhere]

You're trying to address a situation that has been around for more than ten years. I don't think banks could find the talent to in-source what went to India starting in 1998.

Not so, back when all the 6 banks were posting 1 billion a quarter profits each they were outsourcing data entry jobs to india and africa. When Canadians were doing these jobs they were being paid $18 dollars an hour, they got it done in India for maybe a $1 an hour. This story was profiled on w5 or something. Many big companies list on the TSX are having their input work done in cheap over seas labour markets. Doing this translates into the lost income taxes for the Government, lost spending power which is lost Sales taxes. To regain this lost money these corporations should pay a tariff on money flowing out of Canada. Not hard to track if Revenue Canada asks why this money is paid out to this countries corporation/Business and for what reason. If they deem the company was outsourcing a required function to doing business such as customer service they are penalized a tax to compensate for the lost Income tax, CPP contributions, EI contribution, WSIB contributions, lost gas taxes, and list of taxes goes on. These corporations have to stop taking advantage of Canada and get what they deserve for their tax evasion.

[whowhere]

http://www.outsourcing-weblog.com/50226711/india_canada_top_outsourcing_destinations_study.php

Last year, India provided $12 billion in outsourced IT

services, and had $12 billion

Not sure how much of this 12 Billion is Canada's but this is just for IT. #1 Canada does not have a free trade agreement with india. #2 if this work was project based and these firms competed with other It companies around the world then the business is warranted. However, I suspect the outsourcing corporation enlisted an employment agency and brought in people to man the phones of custormer service lines and remotely handle It issues. 12 Billion is alot of money to not have taxes paid on. Not only that, that money the should been generated and spent within Canada not india. As they say look after the cents and the dollars will take of themselves.

[Jerry J. Fortin]

http://www.outsourcing-weblog.com/50226711/india_canada_top_outsourcing_destinations_study.php

Not sure how much of this 12 Billion is Canada's but this is just for IT. #1 Canada does not have a free trade agreement with india. #2 if this work was project based and these firms competed with other It companies around the world then the business is warranted. However, I suspect the outsourcing corporation enlisted an employment agency and brought in people to man the phones of custormer service lines and remotely handle It issues. 12 Billion is alot of money to not have taxes paid on. Not only that, that money the should been generated and spent within Canada not india. As they say look after the cents and the dollars will take of themselves.

Last I looked the average wage in India was something like 20$ Canadian a day. Now how in the world do you expect to compete with that?

[whowhere]

Last I looked the average wage in India was something like 20$ Canadian a day. Now how in the world do you expect to compete with that?

We don't have to compete. When the city workers go on strike and ask for more money they compare their incomes with city workers in other cities. That said, revenue Canada could find what they are outsourcing and establish how the outsourcing was established. If it is judged to be work that should have been done in Canada then this corporation should be penalized for the lost income and other taxes not paid. These companies shouldn't get a free ride at Canada's GDP's expense. India is taking GDP food out of Canada's mouth. You want to earn GDP, produce something the world wants to buy from you. If money is all people are after how can you can compete with a street hooker who will stop at nothing for a dollar. The best way is to get them on tax evasion.

[Jerry J. Fortin]

We don't have to compete. When the city workers go on strike and ask for more money they compare their incomes with city workers in other cities. That said, revenue Canada could find what they are outsourcing and establish how the outsourcing was established. If it is judged to be work that should have been done in Canada then this corporation should be penalized for the lost income and other taxes not paid. These companies shouldn't get a free ride at Canada's GDP's expense. India is taking GDP food out of Canada's mouth. You want to earn GDP, produce something the world wants to buy from you. If money is all people are after how can you can compete with a street hooker who will stop at nothing for a dollar. The best way is to get them on tax evasion.

Money is what you work for. Money is what business works for. Tell me something, if you owned a business and could save 90% on labour by contracting out would you?

[Michael Hardner]

Not so, back when all the 6 banks were posting 1 billion a quarter profits each they were outsourcing data entry jobs to india and africa. When Canadians were doing these jobs they were being paid $18 dollars an hour, they got it done in India for maybe a $1 an hour. This story was profiled on w5 or something. Many big companies list on the TSX are having their input work done in cheap over seas labour markets. Doing this translates into the lost income taxes for the Government, lost spending power which is lost Sales taxes. To regain this lost money these corporations should pay a tariff on money flowing out of Canada. Not hard to track if Revenue Canada asks why this money is paid out to this countries corporation/Business and for what reason. If they deem the company was outsourcing a required function to doing business such as customer service they are penalized a tax to compensate for the lost Income tax, CPP contributions, EI contribution, WSIB contributions, lost gas taxes, and list of taxes goes on. These corporations have to stop taking advantage of Canada and get what they deserve for their tax evasion.

That's fine for data entry, but the far more expensive work is the actual systems development. The people who used to do that work went into other fields, or retired in large numbers and no one is developing that skill set now since it's all done in India.

Also, you say tariffs are off the table, yet this is exactly what you're proposing.

[whowhere]

That's fine for data entry, but the far more expensive work is the actual systems development. The people who used to do that work went into other fields, or retired in large numbers and no one is developing that skill set now since it's all done in India.

Also, you say tariffs are off the table, yet this is exactly what you're proposing.

What are saying is bs, because Universities and colleges are pumping out grads every year who are able hit the ground and get this work done but the rug is being out from under them because they are being sold out. Yes, if you outsource or contract out inputs to your company to low GDP countries at the expense of Canada's income tax revenue, the company should compensate Canada accordingly. Canadians are paying way to much tax relative to the US. This is area to look at to fix.

Free Trade is about a finished product or a service that makes into another country free of tariffs. This is the way it should be, because that is that companies business. If a company goes to india to get IT work done for Canada which has nothing to do with its business of selling wheat to India or the world that company is cheating Revenue Canada and cheating Canadians out of gainful employment.

[madmax]

That's fine for data entry, but the far more expensive work is the actual systems development. The people who used to do that work went into other fields, or retired in large numbers and no one is developing that skill set now since it's all done in India.

The Tech people got burned back in the 90s. There was no help, no government understanding and the general public just didn't care.

We lost huge during this period.

I find your comments troubling in that what happened then is indicative of much of the rest of Canadian information and technology in all fields. And I agree with your future assessment about the ability to fix the problem. Its virtually too late.

Soon Canada will be a Job ghetto with highly trained and educated people asking that all important question.

"Would you like fries with that".

Edited November 23, 2009 by madmax

[madmax]

cheating Canadians out of gainful employment.

Hold onto that thought. Each day more and more people are coming to realize what the hell has happened.

I just came back from a 90th birthday party for one of the Pillars of the community. Her family is wealthy, highly educated and the reunion didn't take long to get to the "what are you doing" phase.

5 of the 7 people had been terminated since last year at one table and as a relative arrived late, the one twin brother asked that no one tell his brother that he was out of work. He felt too many people knew and it was beneath him. When the other twin arrived, they asked what he was up too.

He said he got let go on Friday.

I am surrounded by technical people but I can't employ them all.

Edited November 23, 2009 by madmax

[whowhere]

Hold onto that thought. Each day more and more people are coming to realize what the hell has happened.

I just came back from a 90th birthday party for one of the Pillars of the community. Her family is wealthy, highly educated and the reunion didn't take long to get to the "what are you doing" phase.

5 of the 7 people had been terminated since last year at one table and as a relative arrived late, the one twin brother asked that no one tell his brother that he was out of work. He felt too many people knew and it was beneath him. When the other twin arrived, they asked what he was up too.

He said he got let go on Friday.

I am surrounded by technical people but I can't employ them all.

The sad reality of people is they are clueless. In the end it is about money and where that money is going. Any money spent by a business to get that product or service to market is a benefit to Canada's GDP. If the money is spent in other countries Canada is subsidizing another countries GDP and losing income tax Revenue. It is not a violation of Free trade to tax companies who outsource work that should be done in Canada. It's time people see these corporations for what they are tax evaders and tax cheaters.

[Jerry J. Fortin]

The future is in manufacturing. Production based on available resource material and designed for targeted consumption. The answer is in automated production. Use our talents to design and construct facilities to fabricate the items we desire at lower costs. We become engineers and tech reps, software and hardware designers. We make things out of plastic and we make things out of wood. We start sewing hemp and we sell textiles and ropes. There all millions of ways out of our current problems, we just need to think outside of the box.

[madmax]

It is not a violation of Free trade to tax companies who outsource work that should be done in Canada.

I just now, caught the bottomline of the thread title.

Yes, what you are describing and is in your thread title is practiced in the US and not practiced in Canada.

[Michael Hardner]

What are saying is bs, because Universities and colleges are pumping out grads every year who are able hit the ground and get this work done but the rug is being out from under them because they are being sold out. Yes, if you outsource or contract out inputs to your company to low GDP countries at the expense of Canada's income tax revenue, the company should compensate Canada accordingly. Canadians are paying way to much tax relative to the US. This is area to look at to fix.

They don't even teach this technology in Canadian schools anymore. Like I said, you're 10 years late.

Free Trade is about a finished product or a service that makes into another country free of tariffs. This is the way it should be, because that is that companies business. If a company goes to india to get IT work done for Canada which has nothing to do with its business of selling wheat to India or the world that company is cheating Revenue Canada and cheating Canadians out of gainful employment.

How are IT services not a product or service ? And you do understand that free trade goes both ways, right ?

[Jerry J. Fortin]

They don't even teach this technology in Canadian schools anymore. Like I said, you're 10 years late.

How are IT services not a product or service ? And you do understand that free trade goes both ways, right ?

Yet his point about bleeding jobs and revenue is problematic. We are losing jobs and revenue, and something does need to be done about it.

[Michael Hardner]

Yet his point about bleeding jobs and revenue is problematic. We are losing jobs and revenue, and something does need to be done about it.

Is this situation reflected in our trade numbers ? Losing revenue is bad, but tariffs don't fix the problem either.

[madmax]

Is this situation reflected in our trade numbers ? Losing revenue is bad, but tariffs don't fix the problem either.

IIRC The tariffs are coming off Shipbuilding next year. 25,000 Jobs (est across CCanada) will be lost as a result of the recently signed trade agreement. Ironically the removal of the tariff was opposed by a rather wealthy group out East know as the Irving Family.

[Michael Hardner]

IIRC The tariffs are coming off Shipbuilding next year. 25,000 Jobs (est across CCanada) will be lost as a result of the recently signed trade agreement. Ironically the removal of the tariff was opposed by a rather wealthy group out East know as the Irving Family.

Not that ironic. Industry opposed free trade often in the past, and labour was in favour of it too. Free trade is also one of those issues that are exploited by people for political purposes.

[Renegade]

Put an outsourcing tax on this work to represent the lost income tax revenue that ought to have been paid had these companies perform their business on the level

Why stop there? Tax consumers who save rather than spend to represent the lost sales tax revenue due to their behavior? Tax people who take early retirement to represent the lost income tax due to their decision. Tax people who walk rather than drive to represent the lost gasoline tax revenue. Tax people who stop drinking and smoking to represent the lost sin tax revenue.

Establish A law requiring all outsourced work be paid through a government agency in the Currency of Canada. Why? Leverage. The US took advantage of China by paying China back 1 Trillion in Printed money for the Treasury Bills they owned. This agency will pay these outsourced Companies with Printed Canadian Money and Canada can pocket the money paid out by the Greedy Canadian corporations to reinvest in Canada in the Way of Infrastructure and technologically advancement. Doing this will create currency conversion jobs in Canada and help the Forex exchange. Doing this will either encourage these Banks and other corporations who do this to start employing Canadians to do this work, which is what we really want or Canada will get the benefit of having this "free" money to use for the betterment of Canada.

Let me guess, you are trying to create unnecessary jobs but introducing unneeded bureaucracy. It is irrelevant what you want to force the currency in which outsource jobs will be paid. You cannot control the currency at all points, at some point along the way the employee will be paid in the currency of their choice or will convert the currency to the currency of their choice. Do you also propose that employees be restricted from changing the money to their home currency?

Alberta Oil Sands trades 700 Billion a day in oil with the US everyday. Some of thes These Oil sands companies have been paying in US curreny. Canada has to step in and plug this act. These oil sands companies also outsource alot of work to companies in texas to only have the results of that work brought back into to Alberta to aid in the Oil Sands extraction. Once again, if the work such as customer service, IT, Machine Repair, whatever is deliberately sent to another country to be done for whatever reason Canada needs to step in the middle of this transaction with a Government Agency who will tax this outsourced work to replace the lost income tax revenue then proceed to pay these companies in printed Canadian currency and pocket the money paid out by the company to be used to reinvest in Canada's infrastructure and technological advancement. Once again to goal is to have input work to the operation of a Company be done here in Canada and not done elsewhere. Having input work done elsewhere is of no benefit to growth and GDP of Canada.

How is this different from any of your previous suggestions? (ie to tax companies based upon your expectation of lost tax revenue, and force the currency of payment).

It appears Canada also has a number of Immigrants and so called refugees who have come to Canada who proceed to send money from their employment to their country of origin. What this does is hurt Canada's microeconomics or takes away idle money which could have been lent or invested by a financial institution for some benefit of Canada. Instead we have these Immigrants and so called refugees taking advantage of Canada and propping up another Countries GDP at Canada's expense. Once again, Canada needs to start putting a tax on money exported out of Canada for this purpose. Canada also has to have this money put through this government agency and these recipients paid out in printed Canadian money. Of course the money generated by this new tax and sent in can be used to lower Canada's taxes in line with that of the US.

I see, so you propose putting currency restrictions to prevent money from being exchanged. How do you propose to enforce this, since for example I can buy financial instruments in one currency and sell it on a different exchange in a different currency? It would seem you are creating an incentive for a blackmarket currency exchange and an arbitrage opportunity for a savvy individual.

Economics is more than just getting a calculator and typing amount time 13%. That's boring, Canada needs to get with the program and start taking advantage of the dynamics of Canada.

Of course it does, but the advantage of Canada is by offering a more compelling environment than other countries. If Canada cannot provide a more compelling reason for companies to invest than other countries, then it deserves to lose those jobs to outsourcing.

[whowhere]

Is this situation reflected in our trade numbers ? Losing revenue is bad, but tariffs don't fix the problem either.

You are not getting it. To operate a business you must employe people to provide your business for the Canadian economy or exports. Take a bank, they have cheques deposited at ATM machines. To process these cheques they require employees to perform data entry. There is no way around this unless they have figured out a way to automate this task. What is happening is the Banks are outsourcing this work to low GDP countries and depriving this employment from Canadians. This is what I am talking about if company deliberately bypasses the Canadian Labour market they should he held on tax evasion and penalized accordingly.

[whowhere]

IIRC The tariffs are coming off Shipbuilding next year. 25,000 Jobs (est across CCanada) will be lost as a result of the recently signed trade agreement. Ironically the removal of the tariff was opposed by a rather wealthy group out East know as the Irving Family.

This is fine, this is not what I am talking about. I am talking about a company that needs a receptionist to Answer the phone and to save a buck the company has this receptionist answering calls in India then directs them to whoever in Canada. Once again, if this is determined a company should be penalized for lost income tax Revenue had they legitimately been paying a receptionist here in Canada.

[whowhere]

Why stop there? Tax consumers who save rather than spend to represent the lost sales tax revenue due to their behavior? Tax people who take early retirement to represent the lost income tax due to their decision. Tax people who walk rather than drive to represent the lost gasoline tax revenue. Tax people who stop drinking and smoking to represent the lost sin tax revenue.

What do Canadians have to do with India getting Canada's rightful GDP?

Let me guess, you are trying to create unnecessary jobs but introducing unneeded bureaucracy. It is irrelevant what you want to force the currency in which outsource jobs will be paid. You cannot control the currency at all points, at some point along the way the employee will be paid in the currency of their choice or will convert the currency to the currency of their choice. Do you also propose that employees be restricted from changing the money to their home currency?

If It is required for a business to "FUNCTION" then are to hire Canadians to do the work. If the company does not require IT 24/7 they can look up an IT company up in the Yellowpages and call a canadian company in to help them out. That is how look after the pennys in this new world order. Looking after the pennys, the dollars will take care of themselves. As for forcing the Use of Canadian Currency when paying for operational business costs within the borders of Canada is valid.

What I am saying If a company insist on outsourcing their operational customer service department in turn cheating Canada out of Income tax revenue then I say this outsourced company should compensate Canada with an outsource tax, be required to pay all transaction in Canadian Currency within Canada, and have money destined for outsourced companies flow through a Government Clearing Agency. Why? because the recipient will receive printed money from the Canadian mint and the sent in money will be used to fund Canada's infrastructure and technological advancement. The US has employing this strategy for years.

How is this different from any of your previous suggestions? (ie to tax companies based upon your expectation of lost tax revenue, and force the currency of payment).

I see, so you propose putting currency restrictions to prevent money from being exchanged. How do you propose to enforce this, since for example I can buy financial instruments in one currency and sell it on a different exchange in a different currency? It would seem you are creating an incentive for a blackmarket currency exchange and an arbitrage opportunity for a savvy individual.

What I talking about is capitalizing on the Greed of Corporations. Every dollars paid for outsourced work that ought to have been done in Canada is taxed to compensate for lost income taxes. Every dollar paid to an outsource company must be paid in Canadian currency and has to flow through a Government Clearing Agency. Again, the outsourced company will receive printed money from the Canadian mint and the sent in money by the outsourced company used to fund infrastructure and technological development. This is all about leverage, Canada and Canadians getting their due from greedy selfish corporations. Hire Canadian, run your business on the level, and this will be of no concern to the corporation.

Of course it does, but the advantage of Canada is by offering a more compelling environment than other countries. If Canada cannot provide a more compelling reason for companies to invest than other countries, then it deserves to lose those jobs to outsourcing.

You are somewhat naive. Think about it, the US accumulated a trillion dollars in lent money from China. How this money made its way into the US economy who knows. But I guarantee a trillion dollars pushed out in the US economy was stimulating and touching. When the going got tough and china wanted its money, the US said sure, here's 1 trillion printed dollars. The US dollar is still holding strong.

Get with the program, it's not about just collecting taxes.

[Michael Hardner]

You are not getting it. To operate a business you must employe people to provide your business for the Canadian economy or exports. Take a bank, they have cheques deposited at ATM machines. To process these cheques they require employees to perform data entry. There is no way around this unless they have figured out a way to automate this task. What is happening is the Banks are outsourcing this work to low GDP countries and depriving this employment from Canadians. This is what I am talking about if company deliberately bypasses the Canadian Labour market they should he held on tax evasion and penalized accordingly.

There's no logic here. You don't have to employ more than one person to be a business, if you're self-employed. The banks are charged with maximizing profits for their shareholders. It's their job to do things as cheaply as possible, so why are you draping the profit motive in some kind of evil conspiracy. The banks have no duty to not 'deprive Canadians of employment'.

The tax evasion charge is pure fantasy, and with that this thread really ceases to be serious.