At 11/12/12 10:13 AM, Proteas wrote:
whereas the Big Corps with all the money can easily afford to give without sacrificing anything. In reality by way of big Corps giving back money for social programs and infrastructure it would actually be extremely beneficial for society as a whole and enable people to become healthier and more productive workers as well as empowered self sufficient human beings
Actually this is somewhat shortsighted
As someone who owns a corporate company & does business in Canada.
One of the things tax breaks do for a corporation is it frees up cash flow. Another major incentive is when you outlay capital on upgrades, new equipment, research & possible developement of products,
SO by taking money from Corporations & forcing them to pay large tax bills will reduce their working capital, effect their purchasing power as well as their ability to grow, which effects the amount of employees, purchase of supplies etc !
All the afore mentioned costs are taken directly from your gross income BEFORE TAXES are figured, so only what is left over is taxed & when you deduct payroll (which is taxable income paid by the employee to the governments) & all of the companies expenses, which isn't the case in my business as I own 100% of the shares, but in companies that pay shareholdes, another tax deduction it is easy to get the companies income to zero, very easily.
Also when a profit is noted the system of defering it to the next tax year is another useful tool.
So if you wanted to tax a large Corporate Company that can show a ZERO income after expenses .... exactly what is say 25% or ZERO ? ? ?
That's right boys & girls its NOTHING !
So while a Corporate compay itself may not pay any taxes foro the past year, its employees do, it has to buy products, & services from others ...so goods & services taxes are paid etc.
And if they were all of the sudden the only ones paying taxes, what incentive do they have to stay in your country? I can already see you levying an astronomically huge tax on big business in order to compensate for the budget shortfall you would create by ceasing taxation on the general populace, and as such, would make it impossible for big business to continue existing and making a profit. Your perfect system is going to falter in short order, and the quality of your "free" healthcare will soon suffer to the point that the doctor will hand you Robitussin and kick your ass out the door sooner than treat you.
Proteas in this above paragraph, one incentive to be here here in Canada, is our natural resources ...you can't go to India to save money on costs to produce oil in Alberta or Newfoundland !
You can't use China for Northern Diamond exploration & mining !
Just 2 examples on that part
Secondly WE DO NOT HAVE FREE HEALTH CARE IN CANADA
That is an American Myth ....one I would love to help remove ....what is the number for myth busters ?????
In Canada we pay into a taxation system that includes HEALTH CARE
Basicly what you are doing is putting money into an account for your healthcare, so when you need it medical practicioners, hospitals, all that is needed to help you is waiting for yer arrival !
You gatta stop thinking about it as being free , it isn't, its fucking expensive & all Canadians help pay for it
BUT as a bonus with our taxation system
On top of Canadians paying for it , EVERY SINGLE TOURIST & VISITOR who buys a coffee, a paper or stays in a hotel etc helps pay for it in our HST tax which is collected across the country, the HST is a sales tax levied on just about everything sold as well as services rendered. A portion of which is used for health care.
You lose, pox.
I know not if Pox is actually the entity called leanlifter ... sort of irks me that a Mod hides behind n Alt to make topics & post .... After all why not just write exactly the same things under yer Pox persona ?