Comment 66245

By Robert D (anonymous) | Posted July 15, 2011 at 15:04:23 in reply to Comment 66238

Ryan, I like your ideas, but I'm concerned about whether or not what you propose is achievable. The controls of yesterday which kept corporatism "in check" and redistributed wealth, are poorly suited to our globalized world.

The number of companies that pay next to no tax is ridiculous, mostly because they set up in a jurisdiction that has no corporate tax (or little corporate tax) and then proceed to funnell all their profits back there, taking advantage of tax treaties Canada has signed with other nations.

In this kind of a situatation, it's difficult to see how anything that happens, be it on a local or national level, could make workers better off. What stops some of the most important wealth making endeavours from relocating into another jurisdiction, or otherwise using legal maneuvers to shelter themselves from this redisitribution?

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