While most Canadians don't earn enough to pay off their taxes until sometime in late June, Canada's businesses will have reaped sufficient revenue to pay their year's share by Jan. 30.
Quoting Statistics Canada data, the labour group notes that cash reserves held by private non-financial corporations in Canada ballooned to $575 billion in the last quarter of 2011 from $187 billion in the first quarter of 2001, despite three of those years being deep in recessions.
Between 2010 and 2011, corporate cash reserves grew an extra $72 billion, while the federal government was reporting a $33 billion deficit.
But an analysis of Statistics Canada figures by The Globe and Mail reveals that the rate of investment in machinery and equipment has declined in lockstep with falling corporate tax rates over the past decade. At the same time, the analysis shows, businesses have added $83-billion to their cash reserves since the onset of the recession in 2008.
They're the excuse to cut spending on social services, not a solution to anything. You've got to create the illusion of a crisis to justify the cuts.
"OnTheIce" said Companies, like people, hold onto their money more closely during and after a recession until the market cools down and consumer confidence returns.
"Curtman" said Why would we need to if our corporate tax rate is already the lowest in the G8, and our personal income tax rates among the highest? It's a ridiculous argument that you are making.
So they get a big tax break, and a small increase in EI premiums. We just get the shaft.
"We" are employed by these corporations by the hundreds of thousands.
"We" benefit when corporations do well, as our Government, particularly our CPP, invests heavily in them.
God you left-tards just don't get it.
And you are the one who just doesn't get it.
Then, Curt, you and your friends should stand on your principles and quit your corporate jobs in protest! That'll show those greedy b@stards that you can't be pushed around!
"BartSimpson" said Then, Curt, you and your friends should stand on your principles and quit your corporate jobs in protest! That'll show those greedy b@stards that you can't be pushed around!
Oh here we go. There's a word to describe this kind of idiot-thinking:
If tax cuts automatically created jobs, businesses would be scouring the streets for workers right now, and nobody�s twenty-five-year-old children would still have to live at home. Two years ago, after all, President Bush persuaded Congress to pass the biggest tax cuts in a generation. But since then a million and a half jobs have disappeared. By contrast, between 1993 and 2000, President Clinton raised taxes to reduce the budget deficit, and the economy created more than twenty million jobs
Of course, the CLC�s remedy to this �hoarding� is to raise taxes on businesses. Unfortunately, the CLC didn�t do their homework and don�t understand how many of these companies operate.
Used to be governments ORDERED publicly chartered firms (aka corporations) to maintain a certain level of cash reserves. Now it's politically expedient to condemn them for doing something (saving for a rainy day) that used to be considered an act of virtue.
Between 2010 and 2011, corporate cash reserves grew an extra $72 billion, while the federal government was reporting a $33 billion deficit.
Too much weird stuff running around these days.
Corporate tax cuts don't spur growth, analysis reveals as election pledges fly
But an analysis of Statistics Canada figures by The Globe and Mail reveals that the rate of investment in machinery and equipment has declined in lockstep with falling corporate tax rates over the past decade. At the same time, the analysis shows, businesses have added $83-billion to their cash reserves since the onset of the recession in 2008.
They're the excuse to cut spending on social services, not a solution to anything. You've got to create the illusion of a crisis to justify the cuts.
And?
And.. You spent a few months denying this.
So they get a big tax break, and a small increase in EI premiums. We just get the shaft.
"We" are employed by these corporations by the hundreds of thousands.
"We" benefit when corporations do well, as our Government, particularly our CPP, invests heavily in them.
God you left-tards just don't get it.
And you are the one who just doesn't get it.
And?
And.. You spent a few months denying this.
So they get a big tax break, and a small increase in EI premiums. We just get the shaft.
"We" are employed by these corporations by the hundreds of thousands.
"We" benefit when corporations do well, as our Government, particularly our CPP, invests heavily in them.
God you left-tards just don't get it.
And you are the one who just doesn't get it.
Where did I deny anything?
Companies, like people, hold onto their money more closely during and after a recession until the market cools down and consumer confidence returns.
Companies, like people, hold onto their money more closely during and after a recession until the market cools down and consumer confidence returns.
Why would we need to if our corporate tax rate is already the lowest in the G8, and our personal income tax rates among the highest? It's a ridiculous argument that you are making.
... Again.
And?
And.. You spent a few months denying this.
So they get a big tax break, and a small increase in EI premiums. We just get the shaft.
"We" are employed by these corporations by the hundreds of thousands.
"We" benefit when corporations do well, as our Government, particularly our CPP, invests heavily in them.
God you left-tards just don't get it.
And you are the one who just doesn't get it.
Then, Curt, you and your friends should stand on your principles and quit your corporate jobs in protest! That'll show those greedy b@stards that you can't be pushed around!
Then, Curt, you and your friends should stand on your principles and quit your corporate jobs in protest! That'll show those greedy b@stards that you can't be pushed around!
Oh here we go. There's a word to describe this kind of idiot-thinking:
It doesn't work.
... Again.
Yet again, you've come to the table empty handed.
I haven't denied anything; but I appreciate the effort to throw some shit around in order to push your agenda.