Trippin' for the flat tax
The growing trend in Oh-eight may see multi-nationals close down some of their operations in Canada and North America (where taxes are high) and relocate those operations to lower tax rate countries...like, say, a [tax] hospitable jurisdiction somewhere in the former Soviet Union. Ouch.
Update
I see UPM-Kymmene Corp. is getting in early on this trend. Not surprising since I see they put significant stock in SMEs and low taxes unlike a jurisdiction we all know too well. (Hat tip Rob)
2 Comments:
Alberta has had a flat provincial tax for some time now. It works well, the tax was put in before the oil and gas windfall came into effect.
UPM Kymmene is opening three large mills, worth 1.4 Billion dollars, in Russia.
http://tinyurl.com/3ytblc
I guess its that much easier to do business in Russia than New Brunswick.
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