Provincial and State Corporate Taxes
The following commentary also appears on The Globe and Mail’s Global Exchange blog: What Obama’s Corporate Tax Proposal Means for Canada Last week, there was much consternation in Canada’s business…
corporate income tax
McGuinty’s Business Tax Breaks
An interesting nugget in last week’s Drummond report is Table 11.1, an updated version of Table 2 from “Ontario’s Tax Plan for Jobs and Growth” (2009). It provides a sectoral…
Ontario’s Not Digging Deep Enough
PricewaterhouseCoopers’ biennial guide to Canadian mining taxation, Digging Deeper, features a comparative summary of royalties, mining taxes and corporate taxes for a hypothetical gold mine. This approach differs from the…
The Race To The Trough: What Did Corporate Tax Cuts Deliver?
The CLC today celebrated Corporate Tax Freedom Day – defined as the day on which corporations have paid their share of all government taxes. It featured a race of mechanical…
Corporate Taxes and Investment in Ontario
Last week, Ontario’s Ministry of Finance released the Ontario Economic Accounts for the third quarter of 2011. As The Globe reported, business investment was less than impressive: . . .…
Tax Shifting
Earlier this week, the Globe and Mail’s Economy Lab published a piece by Stephen Gordon arguing that high income and corporate taxes won’t generate much revenue. Gordon used used the…
Ontario’s Poverty Reduction Strategy
December marked the three-year anniversary of Ontario’s Poverty Reduction Strategy. While I believe there is much to celebrate, much remains to be done. The Strategy surprised a lot of observers,…
Flaherty’s Christmas List – all Mixed Up
Following recent dismal reports on rising unemployment, stagnant GDP growth, and a deteriorating economic outlook, we can only hope federal Finance minister Jim Flaherty will provide some Christmas cheer with…
Time for Corporate Canada to Step Up to the Plate
Mark Carney’s widely publicized speech on the state of the global and domestic economy is worth a careful read. He is bang on in much of his analysis of what…
Corporate Tax Evasion on a Global Scale
This new study from Education International looks interesting. “This EI study follows on from a previous study published in March 2010 by Global Financial Integrity, a research and advocacy organisation…
Unrest in Bill’s Republic of Doyle
PotashCorp CEO Bill Doyle waded into Saskatchewan’s election campaign on Friday with an op-ed in the province’s two largest newspapers. It was accompanied by a paid advertisement from PotashCorp in…
Sask Party Shills for PotashCorp
Yesterday’s strong earnings report from the Potash Corporation of Saskatchewan confirms what this blog and the NDP have been contending: even modestly increasing Saskatchewan’s extremely low royalties on hugely profitable…
The Globe on Corporate Cash Hoards
Today’s Globe and Mail (page B15) mentions the PEF in a story on the corporate sector’s record-breaking accumulation of cash, a subject about which we have often blogged. Corporate Canada…
Ontario’s Corporate Tax Debate
Today’s Ottawa Citizen (page A15) features the following op-ed on Ontario corporate taxes. I have added links to references. I recently discussed this issue on TV Ontario: Corporate Taxes are…
Ontario NDP Platform: The Full Monty
Today, the Ontario NDP presented its comprehensive platform costing, including all policies announced during the election campaign. A popular theme among commentators has been that platform costings are unrealistic given…
The Ontario NDP Platform
Pollsters tell us that Ontario’s New Democrats may double their seat total in next month’s provincial election. It’s also entirely conceivable that they could be part of a coalition government…
McGuinty’s Graph Misleads on Corporate Taxes
Further to Jim’s excellent critique of the Ontario Conservative platform’s graphs, I am similarly struck by the Liberal platform’s lone graph. “Cutting Ontario’s Taxes on New Business Investment in Half”…
Rationalizing Corporate Canada’s Cash Stash
Statistics Canada figures indicate that private non-financial corporations held $471 billion of cash in the first quarter of 2011 ($322 billion of Canadian currency plus $149 billion worth of foreign…
The Underground Economy and Business Tax Evasion
Statscan have produced interesting and important new estimates of the upper bound size of the “underground” or “non observed” economy, putting it at a seemingly modest 2.2% of GDP in…
Evaluating Tax Cuts: You Read It Here First
Don Drummond has an op-ed in today’s Toronto Star concluding: Federal and provincial governments and the Canadian business sector should monitoring mechanisms that will permit regular reports to Canadians on…