TOareaFan
Superstar
funny to hear this considering many Canadian corps and individuals complain about the high corp tax rate of Canada.
yet we have an American corp changing their corp registration from US to Canada ?!?
I don't actually think you hear too many corporations complaining about our corporate tax rate....they do speak up when they read something like this though:
nationalpost said:The NDP would pay for future spending commitments by raising corporate income taxes back to the level they were at when the Conservatives took office in 2006, said party leader Tom Mulcair.
“There is no talk or thought of going beyond what the Conservatives had when they came into power, so that gives you an order of magnitude,” Mr. Mulcair said in an interview.
The Conservatives have steadily reduced the federal corporate rate to 15% from 22% in 2006.
http://news.nationalpost.com/2013/1...-tax-rate-to-pre-tory-level-tom-mulcair-says/
It should be said, however, that the difference between the effective corporate tax rate in Ontario (26.5%) and the rate that Burger King pays in the US (CBC reports they paid 27.5%) is not that great. Likely the big tax attraction to BK is how Canada treats income earned in other jurisdictions....which is very important for a company like BK operating around the world.
Unlike the US, Canada does not re-tax income earned overseas. So if BK has a UK sub that has after tax earnings in the UK that they send back to the parent via a dividend, that income sees no further tax in Canada....the US does re-tax that foreign income.
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