Originally posted by chillmeistergen
I believe federal taxes are still paid by the public though are they not? So, there would still be a tax increase. Or, there would have to be drastic cuts of resources etc, made in other federal areas such as schools and hospitals.
There's nothing wrong with a tax increase on the higher tax brackets, Canada has a fairly low tax rate as it is.
Originally posted by Starhawk
There's nothing wrong with a tax increase on the higher tax brackets, Canada has a fairly low tax rate as it is.
Somebody needs to teach you economics, fining company's raising taxes, increasing their expenses on personal and then taxing them even more will not do anything to make them grow. It will weaken your marketing position hugely. It would result in Canadian company's being forced to fire most of their personal just to stay alive.
Outsourcing to poorer country's at first was a nice way to make more money, now it's a way to survive for most company's as they can't compete with the company's that do outsource their personal if they don't.
Originally posted by Starhawk
Companies are making record profits and still doing that. And no they do not need to outsource to survive, they do it to increase their profit margins even more then they are now. That's why the WTO needs to impose trade taxes on companies that do it.
Okay let's go over this again.
If company's don't outsource they have to spend more on personal in the country's they are already in. That would mean they will not be able to offer their services as cheap as they can now. Reducing their profits. And very possibly their total production ability.
The country's they have outsourced too will get hit incredibly hard if all of a sudden the rich western company's withdraw. Country's like India need our company's in order to get their economy on track. Eventually it will get on track and the result will be that the company's will outsource to other places.
The position of Canadian company's on the global market will start to weaken because of that. Now any fine you would give the company would only hurt it more.
The WTO for the best of my knowledge also doesn't have the power to fine company's. Not to mention that a lot of the member states of the WTO are dependent on this international trading. So the WTO would never forbid it.
Not to mention there are still plenty of large country's that aren't members of the WTO, and a few country's that would easily step out of it if the fines would start appearing.
You can't solve this problem by fining, the only way you can solve it is by making investing in Canada more interesting then investing in country's like India. Keep company's in Canada by reducing corporate taxes, minimal wage or things like that.
Originally posted by Fishy
You can't solve this problem by fining, the only way you can solve it is by making investing in Canada more interesting then investing in country's like India. Keep company's in Canada by reducing corporate taxes, minimal wage or things like that.
I've always been a bigger fan of tax "loopholes" that in turn promote re-investment into the company. Raise workers salaries, save that in taxes.
Thus, the corporation does what the government should be doing anyways, only they do it with the efficiency of the private sector. Let companies open schools as a tax relief.
Minimum wage is really important to me 😛
Originally posted by inimalist
I've always been a bigger fan of tax "loopholes" that in turn promote re-investment into the company. Raise workers salaries, save that in taxes.Thus, the corporation does what the government should be doing anyways, only they do it with the efficiency of the private sector. Let companies open schools as a tax relief.
Minimum wage is really important to me 😛
That would work too, but I know a certain person here that hates tax loopholes because he thinks they are evil and invention of right wingers that hate the environment...
But you are right things like that could work as well, as long as the "loopholes" can't be used when investing in foreign country's. That would just serve to keep the problem alive.
Actually the WTO can, I don't think you understand, they probably have more power the the UN. One example, Canada was able to offer postal services cheaper then the US, but the WTO forced them to keep their rates. But even if the WTO didn't, the Canadian Government can impose such taxes on companies that outsource.
Also companies that don't outsource are still making record profits, they do not need to outsource to survive, just to line their pockets even more.
I don't think you understand. If we don't do something to help the low income classes, they don't have the money to buy products and feed back into the economy and considering they are the vast majority in society, your domestic product goes right down the tubes.
Originally posted by Starhawk
Actually the WTO can, I don't think you understand, they probably have more power the the UN. One example, Canada was able to offer postal services cheaper then the US, but the WTO forced them to keep their rates. But even if the WTO didn't, the Canadian Government can impose such taxes on companies that outsource.Also companies that don't outsource are still making record profits, they do not need to outsource to survive, just to line their pockets even more.
I don't think you understand. If we don't do something to help the low income classes, they don't have the money to buy products and feed back into the economy and considering they are the vast majority in society, your domestic product goes right down the tubes.
No the WTO is a trade organization forum for a lot of country's. They try to keep trading fair. They aren't capable of giving fines. And even if they could they never would, seeing as half of their members profit greatly from this stuff.
Now if the Canadian government would do that, it would only serve to weaken Canada it's marketing position and in turn it would really hurt the Canadian economy. You don't fine your own company's for trying to make more money. Either you act on a global scale or you won't act.
And might I ask you for some source on those things you are saying? Record profits for company's that don't outsource? What company's are you talking about here? Do they have the ability to outsource? Are you making this up?
And I understand perfectly that the lower class needs to be helped, but I also understand that it's the middle class that keeps the economy going. Still you are right, increasing the funds of the poor would help the economy. If it can be done without hurting the company's. Something that can only be done by giving company's benefits. Not by fining them.
Also, how nice that you ignore my point of weakening nations like India and destroying their economy. It seems all you really care about is Canada.
Really quick on the WTO:
They really don't have any power outside of their tribunal that can make rulings one way or another, though not enforce them. This was extremely evident in the soft wood lumber issue.
Originally posted by Fishy
That would work too, but I know a certain person here that hates tax loopholes because he thinks they are evil and invention of right wingers that hate the environment...But you are right things like that could work as well, as long as the "loopholes" can't be used when investing in foreign country's. That would just serve to keep the problem alive.
I agree. I don't know how far that type of public-private partnership can be extended, but to me they just seem like the best way to try and run things in the country.
Originally posted by Fishy
No the WTO is a trade organization forum for a lot of country's. They try to keep trading fair. They aren't capable of giving fines. And even if they could they never would, seeing as half of their members profit greatly from this stuff.Now if the Canadian government would do that, it would only serve to weaken Canada it's marketing position and in turn it would really hurt the Canadian economy. You don't fine your own company's for trying to make more money. Either you act on a global scale or you won't act.
And might I ask you for some source on those things you are saying? Record profits for company's that don't outsource? What company's are you talking about here? Do they have the ability to outsource? Are you making this up?
And I understand perfectly that the poorer class needs to be helped, but I also understand that it's the middle class that keeps the economy going. Still you are right, increasing the funds of the poor would help the economy. If it can be done without hurting the company's. Something that can only be done by giving company's benefits. Not by fining them.
Also, how nice that you ignore my point of weakening nations like India and destroying their economy. It seems all you really care about is Canada.
Yes I do care about Canada, and the middle class is disappearing, as that article shows that divide between rich and poor is widening.
The automotive industry is one prime example. They made record profits last year and now they see they can make even more by outsourcing and so they have and many of their workers are now jobless, again through no fault of their own.
There isn't always a perfect solution, You want to help the lower income group and pump up the profits of the higher income group. Sometimes it has to be one or the other.
Originally posted by Starhawk
Yes I do care about Canada, and the middle class is disappearing, as that article shows that divide between rich and poor is widening.The automotive industry is one prime example. They made record profits last year and now they see they can make even more by outsourcing and so they have and many of their workers are now jobless, again through no fault of their own.
There isn't always a perfect solution, You want to help the lower income group and pump up the profits of the higher income group. Sometimes it has to be one or the other.
The undeniable fact is though, developing countries which currently have the jobs you are talking about, need them a lot more than Canada does. Your lack of geographical empathy is absurd.