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@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 2 days ago

Should the government raise or lower the tax rate for corporations?

Should Canada raise or lower the tax rate for corporations?

Canada currently levies a 15% - 26% tax on all businesses and each province levies an additional 11% - 16% tax rate. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen's taxes.

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14 Replies

 @8V8LQD4New Democraticfrom Ontario  answered…4yrs4Y

Increase for multinational companies, lower for small businesses and work harder at removing loopholes.

  @8TFVW57New Democraticfrom Ontario  answered…4yrs4Y

Lower tax rates to SME.

 @8QFCQGTNew Democraticfrom British Columbia  answered…4yrs4Y

Raise for large corporations and close loopholes and deductions.

 @9262JRBfrom Ontario  answered…3yrs3Y

Create an EU minimum and lower rates for small businesses

 @8ZKVGVBNew Democraticfrom Quebec  answered…3yrs3Y

All tax rates shall be approved equally priced

 @8DDP7D3 from California  answered…5yrs5Y

Raise takes and eliminate loopholes.

 @7PTCG38 from Wisconsin  answered…4yrs4Y

Raise for large international corporations but lower for small businesses, and eliminate deductions and loopholes.

 @7PTCG38 from Wisconsin  answered…5yrs5Y

Lower the corporate tax rate to 28% but eliminate deductions and loopholes.

 @7PTCG38 from Wisconsin  answered…4yrs4Y

Raise for large international corporations and eliminate deductions and loopholes, but lower for small businesses.

 @8G9Q2ZB from Pennsylvania  answered…4yrs4Y

For small corporations no,but big ones yes.

 @8S2LJ24 from California  answered…4yrs4Y

Abolish corporate taxes instead

 @7PTCG38 from Wisconsin  answered…4yrs4Y

Raise for large international corporations but lower for small businesses, and eliminate deductions and loopholes

 @7PTCG38 from Wisconsin  answered…4yrs4Y

Increase for large international corporations but lower for small businesses. Eliminate deductions and loopholes.

 @7VPQLRK from California  answered…3yrs3Y

Remove imposed state and local taxes, but keep at the federal level to balance the playing field across states.

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 @ISIDEWITH submitted…5mos5MO

Ukraine Unveils Secret Arsenal to Force Russia's Hand

President Volodymyr Zelenskiy unveiled his much anticipated "Victory Plan" at Ukraine's parliament on Wednesday, urging his war-weary country to stay united at a precarious time ahead of its key U.S. ally's Nov. 5 presidential election.As Russian troops advance in the east and a bleak winter of power shortages looms, he told lawmakers his plan contained five main points that relied on Kyiv's allies, including an unconditional invite to join NATO and specific weapons support."Together with our partners, we must change the circumstances so that the war ends. Regardless of what Putin wants. We must all change the circumstances so that Russia is forced to peace," he told lawmakers and top officials.His third point emphasised the need for Ukraine to acquire a non-nuclear deterrence capacity that he said would be enough to destroy Russian military power. He did not elaborate, but said there was an additional secret addendum that he could not disclose.The plan, he said, also envisaged a Western role defending Ukraine's natural mineral resources from Russian attacks as well as post-war reconstruction pledges.The speech was attended by his top military, intelligence and political brass as well as lawmakers, some of whom occasionally stood up to applaud.Ukraine faces both difficulties and uncertainty ahead of the U.S. election that could return Donald Trump to the White House.The Republican former president has pledged to rapidly end the war before entering office if he wins, an idea that Kyiv's supporters fear would involve big concessions in the name of a quick deal.Zelenskiy met U.S. President Joe Biden, his key ally, in Washington at the end of the September to present the plan. In a subsequent whirlwind tour of Europe, he met the leaders of Britain, France, Italy and Germany to discuss it.Zelenskiy said he would travel to summit of European Union leaders in Brussels on Thursday to present his plan.

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