The United Conservative Party demonized the NDP’s proposals for a corporate tax rate increase during the recent provincial election campaign. But Calgary-based energy companies and other corporations have capitalized on tax rate decreases, firing workers instead of investing in them.
(Samson/Unsplash)
The conventional narrative on corporate tax increases relies on ‘zombie ideas’ that pander to corporate interests, harm the public interest and refuse to die.
Bed Bath & Beyond has spent billions in recent years on share buybacks.
AP Photo/Ted Shaffrey
The retailer has spent nearly $12 billion buying back its own stock since 2005, money that could have been used to invest in its business.
The arguments being made for corporate tax cuts lack solid empirical or theoretical backing.
AAP
Research on the impact of corporate tax cuts reaches different conclusions, depending on the time and place it looks at.