Quote:
Originally Posted by 1ajs
the lower taxs have to do with maximizing profits for big corporations why u think city, wells fargo, First Premier Bank, tcf are based in sioux falls south dakota
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That explains the corporate tax aspect, but what about the personal income tax. if they want to lower corporate rates, that makes at least some sense for increasing foreign investment in the province, but it just seems like they're lowering taxes so the rich can pay less. Also, if they are trying to entice financial services companies, Wells Fargo, Citi, TCF, etc it seems that they are doing this only for the benefit of the upper class, as investment in education of first nations ppl, infrastructure, urban housing, alternative energy sources for example, can have long-term social and economic benefits that will be more equitable. This just seems like the beginning of a slippery slope towards privatized everything and an increase in income disparity. Turning sask into a short term tax shelter for international banks just dosnt seem like diversification to me.