Corporate tax analysis from Broadbent Institute

1. Corporate Tax Critique of
Andrew Jackson Corporate
Taxation
By: Paul Young, CPA, CGA

2. Broadbent / Andrew Jackson

3. Broadbent / Andrew Jackson

4. Paul Young Critique of Andrew Jackson

5. Paul Young Critique of Andrew Jackson
• Fact 3 – Provincial Policies have killed business investment, but no comment why?
• Ontario Exports lack capacity - http://business.financialpost.com/2015/02/19/ontario-manufacturers-key-to-recovery/.
• Debt Rating - http://www.thestar.com/business/economy/2015/07/06/sp-downgrades-ontario.html
• Ontario (ORPP) - http://business.financialpost.com/2015/02/12/jack-mintz-ontarios-really-bad-pension-scheme/ or
http://www.cfib-fcei.ca/english/article/6406-ontario-budget-reissued.html
• Carbon Taxes - http://www.bloomberg.com/news/2014-10-18/british-columbia-to-outline-carbon-tax-policies-for-lng.html
what is also not being said is the tax credits that were brought in as part of buffering the impact of the carbon tax, like
lowering personal and corporate taxes or tax credits for entertainment industries, or the areas. The BC government also
introduced as specific tax for LNG as way to bring in revenue and to take advantage of growth in LNG. The problem in Ontario
is the tax likely will not have much tax credits. Wynne is desperate for money as such will push the carbon tax as tax grab
masked as helping the environment. BTW: Ontario has no coal generation as that has been eliminated. Ontario will see costs
go up by 3% on top other taxes like ORPP or hikes in hydro rates or other areas. Ontario is becoming very unaffordable for
people! My above presentation explains the impact of the carbon tax/pricing in Canada. FYI - Australia scrap the tax, why?
http://www.independent.co.uk/environment/climate-change/australia-scraps-carbon-tax-tony-abbott-makes-his-country-a-
global-pariah-after-legislation-is-passed-by-senate-9613291.html. If you want go after emitters then why not slammed the
carbon tax on imports from China, India and/or USA? It seems to me India/China/USA are the biggest emitters for GHG,
right? Source: ‘
• Harmonization - http://www.cp24.com/mcguinty-rejects-claim-hst-will-kill-jobs-says-it-will-create-600-000-1.454807
• Hydro Rates - http://www.thestar.com/business/2014/02/26/ontarios_big_industries_plead_for_lower_hydro_rates.html or
http://www.therebel.media/trudeau_advisor_gerald_butts_green_energy_policies_cost_ontario_300_000_jobs_admits_lib
eral_think_tank or http://www.northernlife.ca/news/localNews/2015/07/09-hydro-rates-chamber-report-sudbury.aspx

6. Paul Young Critique of Andrew Jackson
• Capital Investment – Great ratio, but it means nothing, right? How about you look at the number companies
that existed in 2006 that have now left Canada?
http://www.kpmg.com/Ca/en/IssuesAndInsights/ArticlesPublications/Documents/4504-Canadian-
Manufacturing-Outlook-2014-web.pdf. It seems to me that existing companies are putting money into their
business via automation, right? So, where does the author discuss Green Technology or advance
manufacturing? http://www.slideshare.net/paulyoungcga/federal-government-programs-canada or
http://www.slideshare.net/paulyoungcga/federal-policy-analysis-green-technology-canadaa
• Where is the discussion on tax cuts that help support Consumer Spending? Consumer spending drives the
economy, right? http://www.gbm.scotiabank.com/English/bns_econ/scotiaflash20150619.pdf or
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/trad15a-eng.htm. I am bringing up retail sales
as it supports my earlier analysis that exports have created jobs and those new jobs have help support
consumer spending! http://www.slideshare.net/paulyoungcga/taxation-policies
•
• I would love to see a rebuttal from Andrew Jackson has his whole statements are pure theory and conjecture
designed to point flaws that taxation does not work, right? I have novel idea that is have Andrew Jackson
respond to my posts?