Don’t just cut it, slash it: KPMG’s tax advice to Canada
June 17th, 2008
The Canada.com site reports that:
Recent corporate tax cuts have not increased Canada’s attractiveness as a place for foreign firms to invest, a survey released today by international consulting firm KPMG suggests.
“Foreign corporate investment into Canada is expected to remain unchanged across the longer term, despite Canada’s push to create a more positive tax regime to attract foreign investment,” KPMG said in its latest international survey of corporate investment plans.
But it doesn’t mean tax cuts aren’t important, it’s that they haven’t gone far enough, KPMG’s Canadian partners explained in an interview.
No tax cut is big enough for KPMG it seems. So long as, of course, it is for the internationally mobile. Who else matter?
Yes, I see it now. Canada would be better off without foreign investment (just like the UK)! Raise taxes and drive Johnny Foreigner away from these shores!
As the FT reported this week, the UK has the third highest FDI in the world
What was the point you were trying to make?
What is FDI? We are not all clever accountants like you. My point was that obviously a country needs an attractive tax system to attract investment which you do not seem to recognise.
Foreign direct investment