Massive corporate tax cuts

Hey, I read this morning that New Brunswick is getting a massive corporate tax cut.  $6 million worth in 2009 alone!  There are 40,000 businesses in New Brunswick.  That’s a cut of $150 per business per year or about $3 per week.  I’ll think I’ll use mine to buy a cup of coffee.

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5 Responses to Massive corporate tax cuts

  1. Anonymous says:

    That’s a very clever way to put it :-)
    Tax cuts in NB at this time is irresponsible at best.

  2. Tristan says:

    Looks like they’ve got the same idea in NS as well. Well, the liberals do anyway.

    http://www.canadaeast.com/news/article/606208

  3. Independent says:

    We’ve also completed the phase out of the Large Corporation Capital Tax. We eliminated $40 million of revenue, and counterbalanced it by cutting funds for school libraries.

    Priorities…

  4. Anonymous says:

    The New Brunswick Government has always had to work hard to see that the taxes and transfer payments go to the right places. Those places that best assure that NB Premiers never have to work again. And selected friends. So don’t waste too much time on economic analysis.
    Reminds me of the 800 million green dollars that went to Irving to place diesel-powered generators and aerodynamic skirting on their trailers. lol. Should put aerodynamic skirting on the somebody and blast them off.

  5. Anonymous says:

    The benefits of a decrease in tax tend to be distributed to the largest firms. It is no surprise then that the NB Business Council effusively endorses the approach.

    SMEs may receive less than $3 per week assuming that the net income is sufficient to allow for the write-off.

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