Now is the time at SDA when we juxtapose!
FiveThirtyEight.com: Burger King Might Save $8.1 Million By Moving To Canada.
Financial Post: Air Canada CEO warns Ontario fuel tax hike will undo plan to turn Toronto into global aviation hub
h/t to Iain
And with perfect timing the excellent air terminal at Mirabel is being torn down. That really would work as a transportation
hub. One of Pierre Trudeau’s few good ideas. Because passengers were taken to the planes by specialized bus, the
facilities were very scalable.
The buses were an oddity, but we encountered them on several aerodromes in Europe this summer.
Fuel taxes are only the beginning of it. Pearson has one of the highest airport fees in the world.
To increase revenue it’s been proven over and over that lowering taxes is the road to success. What is it about this simple concept that politicians don’t seem to understand ? Cutting expenditures also seems to be beyond their comprehension. Ontario seems to be hell bent on achieving 3rd world status, but then again……..that’s what they voted for.
Edmonton would be a better global aviation hub. Offer the cheapest jet fuel in the world, made from oilsands.
Toronto an international hub? To Cuba maybe.What a laugh.The only good thing to come out of Toronto is an empty bus/plane.
I’m sure Kathleen will find a way to levy the difference between the US corp tax rate and the Canadian one. BK will then turn tail and run back (again) to the US where, if the taxes are equal, everything else is cheaper.
Edmonton used to call itself the “Gateway of the North” so it is some sort of hub. Not much these days, for sure – Edmonton
International isn’t as busy as YYC. Also, Alberta hasn’t much n the way of refinery capacity. But as commerce shifts more and
more to the Orient, there is much potential there.
On the tax inversion with BK. Reading and watching the left go bananas over the unpatriotic moving of the head office. Michael Campbell stated the simple facts of low tax reaping more tax revenue. The fact they moved proves the point.
As for the socialist state of Ontario we have recently re-routed our travel plans. No matter what we will NOT go through Trawna to go anywhere.
I see also where Wynne is griping that the PM hasn’t had a conversation with her. Waaaaaaaaa!
Waaaaaaaaa indeed. Stephen Harper is a statesman…certainly not perfect, but head and shoulders above socialists like Wynne. Why would he ever consider lowering himself to ‘having a conversation’ with someone who has no connection with real- world economic truths!
On the Burger King thing:
1. You seem to have a bum link.
2. All that trouble to save just $8 million in taxes? Seems hardly worth it.
The only question I have is why would BK want to move to Ontario?
Aren’t they trying to spend themselves into prosperity with one of the highest provincial tax rates in the country?
To the taxes nonexpert like myself, the article
seems to be looking through the wrong end of the
telescope. The whole purpose of the exercise is to
avoid being taxed again in the US on repatriated
foreign earnings from subsidiaries that have already
been taxed (or not taxed (ATCMB))in the country of
origin. The funds flow to the new Canadian HQ and
can then be redeployed worldwide (most likely much
of it to the US or internationally for goods and
services without tax implications. There are pre-
sently trillions in American company profits
overseas never being repatriated from foreign
subsidiaries thanks to this crazy US tax system.
Another area of silliness is that the USA has no Fed
and state combined VAT so American made goods pay a
tax which does not apply to imports. Now that is really
off the wall insanity.