Jack Mintz: How we lost our corporate tax edge
|National Post 15 Sep 2021 at 08:57|
Voters almost everywhere support corporate tax hikes. They also worry about jobs. Unfortunately, many of them do not see the connection between higher corporate taxes, lower investment and lost employment income.
After 2000, Canadian federal and provincial governments of all stripes reduced corporate tax rates, broadened the corporate tax base, eliminated capital taxes for non-financial companies and harmonized their retail sales taxes with the GST to boost economic growth following the miserable 1990s. These changes succeeded in improving Canada’s competitiveness for global investment.