business taxes (1)

METR observance add the P’s

https://www.wealthprofessional.ca/market-talk/tax-burdens-are-overlooking-a-key-element-says-c-d--howe-251805.aspx

 

 

“The Heavy Weights”  and the top of the scale for business is the Municipal Hog, interesting 

 

“The impact of taxes on business investment is the focus of a new report from the C.D. Howe Institute, which says a major factor is often overlooked.

Comparing 10 large Canadian cities, the largest in each province, the report considers corporate income taxes, retail sales taxes, land transfer taxes and business property taxes.

These combined taxes - marginal effective tax rate (METR) - impact business investment decisions.

The report’s authors -  say that often METR calculations do not include property taxes despite their heavy burden.

"We find business property taxes account for about half the total METR on corporate investment, a share much too large for Canadian governments and other analysts to continue overlooking," says Adam Found.”

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