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Re: Occupy Wallstreet
Old 11-04-2011, 06:39 PM   #18
Bond
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Default Re: Occupy Wallstreet

I'm a little confused as to where this is going, but the point that Canada has lower corporate tax rates than America (did not fact check that) to attract jobs analogy holds true for any country. Having a lower tax rate than a neighbor will always be looked at as a plus when businesses evaluate where to hire and build. There are other factors though as well, of course. The American dollar is the reserve currency of the world, even more so now after the financial collapse. That, is perhaps the single biggest advantage to doing business in the American dollar.

I would also say, perhaps somewhat provactively, that Canada is able to have a lower corproate tax rate because you have a lower defense budget and needs than we do (and in turn need to levy less revenue). You're probably going to say being our neighbor has its downsides, many of which I would agree with, but the pros far outweigh the cons.
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