Regardless why do we see a low corporate tax rate in Canada and all kinds of advocacy as I have seen in this forum and other places for such a tax in the USA?
The tradeoff for the low corporate tax in Canada is a national sales tax. And sales taxes are regressive paid for by the little people more than the big ones.
This story is about a Democrat politician grandstanding on taxation with “climate change” on his mind. I get that much.
But business taxes versus sales taxes seems to me to be the dilemma.
The biggest shareholders in businesses get the biggest breaks from a corporate tax that is low.
I’m only a little investor in Amazon.
This is where you miss the point:
“But business taxes versus sales taxes seems to me to be the dilemma.”
Since businesses will necessarily raise their prices to pass the taxes on to their customers, a better view would be:
Business tax = Sales Tax
The only difference is that taxing through the business, a person does not know how much he truly pays in taxes. This is how the swamp keeps growing every year.
If the common man knew just how much he paid in taxes of all forms, there would be a second tea party.