| Title: | True North Strong & Free |
| Notice: | Introduction in Note 535, For Sale/Wanted in 524 |
| Moderator: | POLAR::RICHARDSON |
| Created: | Fri Jun 19 1987 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1040 |
| Total number of notes: | 13668 |
Yesterday on the radio, a Liberal MP was giving some pretty disturbing
information about the debt, and what can be done to pay it off. He
claimed the following:
40 Billion dollars in DEFERED taxes for corperations. (Tax on *profit*
that has been defered) His implies that the money will continue to be
defered and never paid.
60,000 ***profitable*** corperations paid NO TAX at all
Corperate share of tax burden 8%. 10 years ago (before Mulroney) it
was 11%. In the 1950's it was 50%. The difference has been made up on the
back of you-know-who.
The interviewer made the obvious observation:
With talk like that, you sound like the NDP !!
The MP's response was if everyone knew what was going on, they would
all sound like this.
Derek.
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 872.1 | POLAR::RICHARDSON | Doing whirly twirlies | Thu Nov 17 1994 14:47 | 8 | |
corpOrations.
Incredible isn't it? $40 Billion.
The governments are too scared to tax for fear of jobs going elsewhere.
It's a real catch 22 when you think about it long enough.
Glenn
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| 872.2 | CTHU22::M_MORIN | A dead mean with the most toys is still a dead man. | Fri Nov 18 1994 09:47 | 4 | |
Actually apparently half of those profitable corporations declare incomes via their parent companies who in turn pay the taxes. /Mario | |||||
| 872.3 | Yea right | KAOFS::R_DAVEY | Robin Davey CSC/CTH dtn 772-7220 | Fri Nov 18 1994 11:42 | 3 |
And most likely to a foreign government!
Robin
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| 872.4 | POLAR::RICHARDSON | The Pantless Snow-Bagger | Fri Nov 18 1994 14:00 | 4 | |
I thought the 40 Billion is taxes that are owed but revenue Canada has
deferred the payment of.
Glenn
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| 872.5 | scarely business | POLAR::KYOBE | Sat Nov 19 1994 05:59 | 3 | |
Re.3 and posibly U.K
MIKE.
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| 872.6 | KAOFS::D_STREET | Mon Nov 21 1994 08:30 | 12 | ||
POLAR::RICHARDSON
>>I thought the 40 Billion is taxes that are owed but revenue Canada has
>>deferred the payment of.
That's the impression I got.
there is a song out these days... Eat The Rich, I say why not, they
have been eating our lunch since the 50's, and claiming it as an
expense.
Derek.
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