» News
Boy, this is a head scratcher
Canada raises more tax revenue by lowering corporate rate. Huhhhhh? How could that be?
Corporate tax revenues higher despite lower rate
Corporate tax revenues coming in to Ottawa were up slightly last year, even as the Conservative government was in the midst of an aggressive plan to lower the corporate tax rate.
The federal government raised $31.7-billion from corporate taxes in the fiscal year that ended March 31, up from $30-billion in 2010-11.
Bad Brad
October 9th, 2012
Laffer Curve proven right once again.
bitterclinger
October 9th, 2012
The Regime doesn’t really care about the ecomonics of lower taxes = more revenue to the treasury, they just want to PUNISH the greedy producers of this downright mean country.
Sarthurk
October 9th, 2012
Let’s see. Lower tax rate, more commerce, more tax revenue. Where’s the balance? Or, lower it more and see what happens. I flunked Econ101 but that was 30 years ago. Oh, that was the Czarter(total Fruedian slip) years.
Jack Daniels
October 9th, 2012
Now if could get rid of the liberal MSM who constantly harp that a strong Canadian dollar is bad for the economy…God I hate listening to that crap.
Imagine what would happen in Japan if the Prime Minister told the people that a weak yen is good for Japan, or if in America a president told the American people that a weak greenback is good for the economy.
Wait…isn’t that exactly what the current president doing?
Well, hopefully in November, Stephen Harper will actually have a friend again in the White House.
Stranded in Sonoma
October 9th, 2012
No socialist understands that because facts have no meaning to a socialist. So you can see that for a socialist, taxation has nothing to do with revenue and has everything to do with punishment. Make it difficult to do business because they believe that all businesses should be gov’t owned.
Brian in BC
October 9th, 2012
Now if only other governments would discover that tax increases do not increase revenue at a linear rate. I love reading their budgetary assumptions that if they increase the rate by X% then their revenue will increase by the same X%…ah, no “genius”, that’s when people find another way.
norman einstein
October 9th, 2012
I fell off my chair and rolled on the floor when I read THIS:
“The revenue figures, released by Finance Canada, also showed the overall deficit at $26.2-billion for 2011-12…”
Hahahaha! You call THAT a “deficit”. AMATEURS!
BILL
October 9th, 2012
obama has already said it wasn’t about the revenue.
its all about “justice”.
obamas brand of justice !
Stranded in Sonoma
October 9th, 2012
@norman — I’m laughing, because I don’t want to be seen crying.
dba_vagabond_trader
October 9th, 2012
Heh™
FreeMan & Sarah Voting Early & Often
October 9th, 2012
Cue liberal heads exploding
FreeMan & Sarah Voting Early & Often
October 9th, 2012
in 3 – 2 – 1
AbigailAdams
October 9th, 2012
I wish Romney would consider lowering the corp tax rate even lower than his proposed 25%. Gingrich was going for 12.5% to attract offshore money. 25% is still too high.