Wednesday, 18 June 2014

Canada rated high for lowest business taxes.

The KPMG report reviewed in the Financial Post says Canada's taxes are the most business-friendly in the world.  This has "annoyed U.S. lawmakers to the point where Congress is considering a bill to make it harder for companies to change addresses abroad."   More stick and less carrot won't help them.

As a patriot, I'm pleased and blame HARPER for successive reductions in the small business tax rate.   Money earned by a business is taxed when it goes out to the owners and reinvested when it isn't.  WIN-WIN for Canada.

Footnote: Is this report true? There are some jurisdictions like Hong Kong that technically fall outside the KPMG list.

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