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Canada’s rate (at this moment, 27 per cent).

As Canada trimmed, the world trimmed, too: 75 countries aggressively cut corporate tax rates in the past decade. China’s corporate tax rate is 20 per cent – discounted to 15 per cent for companies that invest in strategically important industries.

combined federal-provincial statutory tax rate of 25 per cent, won’t

The “Bowles-Simpson Plan,” proposed by President Barack Obama’s commission on fiscal reform, suggests a federal rate of 28 per cent. The Wyden-Gregg Plan, proposed by Democratic and Republican legislators, suggests 24 per cent. The China-OECD Plan, advanced by the non-partisan U.S. Tax Foundation, suggests 20 per cent

These rates are federal rates and don’t include corporate rates levied by the states: nominally, on average, 6.6 per cent; in fact, on average, 4.2 per cent. Thus a U.S. federal rate of 20 per cent (the China-OECD Plan) would produce a comprehensive “America rate” of 24.2 per cent

Canada’s goal assumed an “America rate” of 39.3 per cent: a competitive advantage for Canada of 14.3 percentage points.

when you add the federal rate and the average provincial rate (19 plus 12.5), you have a “Canada rate” of 31.5 per cent – the fourth-highest rate in the world: and twice as high as China’s most competitive rate.

The Conservative government took a lot of heat for incrementally lowering Canada’s corporate tax rate.

We will not give in to Opposition demands to impose

This reckless policy would lead to continuing deficits and higher taxes on all Canadians. It would stall our recovery, kill hundreds of thousands of jobs and set families back.

We need to keep protecting and creating jobs now

Keeping taxes low A key part of that foundation is low taxes.

Our tax cuts are also helping employers to invest, grow and create jobs.

Our government will take further action to encourage them to expand and create jobs.

The Hiring Credit for Small Business will provide a one-year EI break for some 525,000 Canadian small businesses

Expanding international trade Beyond this, we will promote new export opportunities for all Canadian businesses

We will provide greater financial security for Canadians, and practical help to make ends meet.

One of the first items on Prime Minister Stephen Harper’s agenda when Parliament returns will be reintroduction of a $278 billion budget that includes a sprinkling of social and economic spending and a plan to slay the budget deficit in several years. And the government will continue with a $6 billion corporate income tax cut.

“The risks still lie outside the Canadian border, which as we’re well aware can have a spillover effect on Canada,” said Royal Bank chief economist Craig Wright.

“We’re seeing continued uncertainty and concerns still with respect to the Eurozone and where it’s headed,” he said. Uncertainty on economic growth is also being fanned by volatile energy markets and the questionable U.S. business rebound, Wright said.

Prospects for Canada are also complicated by expectations that spending by debt-burdened consumers could slow in 2011 and by the shut-off of the Conservatives’ two-year, $47 billion emergency stimulus program.

With government spending slowing, the Conservatives have staked a great deal on their view that the business community will pick up the slack and stimulate the economy with expansion-minded investments.

Besides phasing in corporate income tax cuts worth $14 billion by 2012, the Conservatives in recent years have provided a wide range of investment incentives for business, including easing taxes on small business and manufacturers. In all, tax cuts for business by the Conservatives total an estimated $60 billion by 2013.

both Flaherty and Bank of Canada Governor Mark Carney have pointedly talked about the urgent need for more spending on machinery and equipment by companies.

But many are not convinced, with some Canadians saying the government would be smarter to tie tax incentives directly to company investments to ensure that corporations don’t just pocket the extra profits.

Speaking of corporate tax cuts, Canadian Association of Social Workers spokesperson Fred Phelps said it would be one thing “if corporations turned around and invested those funds into the economy.” But he said that hasn’t been happening in recent years. “What really has driven us out of the recession,” he said, “is spending by households and government, not business.”

corporate tax cuts are not creating jobs or investments, and they are not helping Canadians recover from the global recession

reducing the size of government, forcing unions to compete for government contracts and reducing red tape on business

introduce forced manual labour for prisoners.

make it illegal to raise taxes without a clear mandate

Now, those same B.C. Liberals say raising the corporate income tax rate is an “honest rebalancing” between big business and consumers.

she has raised the minimum wage, restored funding cuts to charities, and even jumped on Mr. Dix’s proposal to ban cosmetic pesticides.

She speaks for a tiny elite

But offering to raise corporate income taxes is not just a populist manoeuvre.

o get my vote on the debt ceiling..Medicare will be a part of it

argued against using $80 billion in taxpayer dollars to try to save General Motors Co., Chrysler and many of their suppliers."

economists largely predicted the U.S. recovery would ramp back up as short-term disruptions such as higher gas prices, bad weather and supply problems in Japan subsided

he ownership rate is now back to the level of 1998, and some housing experts say it could decline to the level of the 1980s or even earlier

Cutting tax breaks for retirement won't raise a lot of money;

economy

medical school free

It also features a bundle of crime bills that would be passed in the first 100 days of Parliament

The five main priorities of the campaign platform are jobs creation, supporting families, eliminating the deficit, getting tough on crime, and investing in the North.

This risk is amplified by special rules created by politicians that encourage banks to lend freely to governments.

In the case of Greece, government actions and regulations also lie at the heart of what threatens to be a European financial crisis.

Here’s how it works. Governments require banks to hold capital against the loans that they make, anticipating that in the normal course of business, some of the loans will not be repaid.  The riskier the loan, the more capital that needs to be held in reserve. However, under international rules negotiated by government representatives through the Bank for International Settlements (BIS), government loans fit into a special category that has a 0% risk requirement.  That means European banks do not have to hold any reserves against loans they make to European governments.  That’s right, politicians implicitly promised banks that governments would never default.  And, given the opportunity to make “risk free” loans that require no capital commitment, bankers purchased mountains of government debt.

The GfK NOP measure showed its biggest rise in almost 20 years in May, although analysts said it may have received a temporary boost from unusually fine weather, the royal wedding and a run of public holidays.

The Hometrack survey showed that the number of new buyers registered with estate agents fell by 0.5 percent in May, the first decline since January.

The number of sales agreed rose by 1.6 percent in May, lower than the 8 percent jump seen in April and March's 12.6 percent rise.

London continued to buck the national trend, with prices up by 0.2 percent on the month.

"With concern over household finances and the wider economic outlook, demand for housing is likely to continue to post further modest declines over the summer,"