Tuesday, July 07, 2009
LOWER CORPORATE TAX RATE IN ONTARIO
Chris Edwards, an economist at the Cato Institute, reports that Tim Horton's (Canada's "Starbucks") is moving its headquarters to Ontario, as the provincial policymakers are cutting the federal-provincial corporate tax rate down to 25 percent (link). That is 15 percentage points lower than the federal corporate tax rate in the U.S.
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Tim Hortons is more like Canada's Dunkin' Donuts...only it's better.
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