Monday, November 5, 2007

Yet Another Country Which Is Not The USA Cuts Corporate Taxes

From Canadian Financial Post:

The Conservative government delivered a mini-budget yesterday that lowered the Goods and Services Tax for a second time and reduced corporate taxes by one-third over the next five years as part of a $60-billion multi-year package of tax cuts.

The plan was contained in Finance Minister Jim Flaherty's fall update, which was a budget in all but name given the myriad tax relief measures introduced. The minority government's political opponents issued fierce denunciations of the plan, but Liberal leader St├ęphane Dion said his party would not oppose the measures, ensuring they receive Parliamentary approval as early as today.

When Liberal Canadians are not opposing corporate tax cuts, it makes you wonder what kind of world we live in, and why our rates are still so high.

HT Cato

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