Pirate Party Canada · @piratepartyca
18th Sep 2015 from TwitLonger
Q6: Taxation
You will raise the corporate tax rate from the current 15% to 17% What economic, rather than political, reason justifies your decision?
We reject the false duality of being pro- or anti-corporation. Many small businesses, who are the bulk of job-creators in our country, are setup as corporations in order to take advantage of the legal protections that type of business gains. Building a business from the ground up requires a lot of energy and money. It will be greatly unfair and frightening for prospective entrepreneur that one mistake could not only ruin their business, but also take away their home, their car, and every penny they’ve ever earned.
However, it is also greatly unfair for few companies to engage in corruption, conflicts of interest, and lobbying so they can have an industry clutched within its stranglehold. Since it has become apparent, and recognized by economists, that corporate subsidies do not create jobs, we would redirect those money to invest in ways that will actually benefit Canadians. Our corporate tax rate must remain competitive with other countries, without being exceptionally low. We need to implement a wide range of patent & copyright reform to ensure the development of an Open Market with fair competition.
Our current economic structure and copyright and patent laws encumbered innovation and propagation of culture. It encourages monopoly, cartel, hoarding of creative works and innovation. Big companies hoards the money instead of creating jobs and expanding or innovating like small businesses tends to do to remain competitive. This is what Bank of Canada Governor Mark Carney referred to as the "dead money".
Related article:
http://www.theglobeandmail.com/report-on-business/economy/free-up-dead-money-carney-exhorts-corporate-canada/article4493091/
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