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Where do Canada’s soaring corporate profits go? Not ‘back into the country’ (breachmedia.ca)

submitted 4 months ago by Five@slrpnk.net to c/canadapolitics@lemmy.ca

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[–] avidamoeba@lemmy.ca 10 points 4 months ago* (last edited 4 months ago) (1 children)

Want the profits to stay in the country? Get these workers higher portion of those profits. A perhaps even better way of corporate profit taxation. Not always applicable when the corpo doesn't employ domestic workers of course.

[–] psvrh@lemmy.ca 6 points 4 months ago (1 children)

Taxation is a valid way to do that.

It forces business owners to reinvest in their business lest they lose those profits to taxes. Part of that reinvestment is wages and headcount.

[–] avidamoeba@lemmy.ca 3 points 4 months ago

Of course it's valid. I'm just thinking about it from the point of view of evasion and regulatory capture.