Brison on Tax Reform

[Hicksey]

Any tax system that allows the corporations and the rich to virtually pay little or nothing while ordinary working Canadians are forced to subsidize these tax-breaks for the rich is just wrong.

I don't get. Why should corporations pay any income tax? All they can do with the money is save it or invest it in expanding the company. As soon as the company pays out the money in any form (dividends, salary, etc) to a real person the recipiant pays tax on it. In other words, the gov't will also get its share of corporate income one way or another.

The only real issues are caused by transnational corporations who make a profit in Canada and send that profit to people living in other countries. In those cases, the gov't could be justified is charging a withholding tax of some sort .

100% agreed. Charging businesses taxes is a completely ridiculous idea. Eliminating corporate tax would be a big competitive advantage for Canadian businesses. All profit is taxed eventually.

The witholding tax would be neccessary to some extent, though it would be essientially a tariff. It would be unlikely to fly under NAFTA.

It won't really matter what you charge, they'll never pay it. All that tax will do is raise the cost of the ogods they sell to us. Corporations build their taxes into their cost structure -- they always have. Taxing corporate profits is just a way for them to tax us more. When a politician tells you they're going to tax them, its because they don't have the courage to tell you to your face that he's going to raise your taxes.

[Biblio Bibuli]

When a politician tells you they're going to tax them, its because they don't have the courage to tell you to your face that he's going to raise your taxes.

BINGO !!!