howl
Active Member
Hudak's promise to cut corporate taxes by 30% in order to make Ontario the lowest business tax jurisdiction in North America is the beginning of a "race-to-the-bottom". Any corporation that would move into Ontario due to lower taxes would move right back out again when someone else lowered their taxes. Ontario cuts it's taxes to be more competitive, then NY cuts theirs to compete, the Que. cuts theirs, then Ontario has to cut theirs again. Eventually corporation aren't paying any taxes anywhere. Corporate tax cuts ONLY work if they attract lots of new business to the Province and those jobs stay. That can only happen if other jurisdictions are willing to give up those jobs.
Quite frankly the only winner with corporate tax cuts is the corporation's shareholders, which makes you wonder who's interests Hudak has in mind.
A much better way to attract new businesses is for Ontario to compete with things other jurisdictions can't offer, like quality-of-life, social benefits, superior transportation network, culture and political stability.
Quite frankly the only winner with corporate tax cuts is the corporation's shareholders, which makes you wonder who's interests Hudak has in mind.
A much better way to attract new businesses is for Ontario to compete with things other jurisdictions can't offer, like quality-of-life, social benefits, superior transportation network, culture and political stability.
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