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Countries do try to compensate for this by introducing specific small business tax rates and special benefits for being locally owned or controlled. The Canadi
by woolvalley 9y ago
Countries do try to compensate for this by introducing specific small business tax rates and special benefits for being locally owned or controlled.
The Canadian example:
"After the general tax reduction, the net tax rate is 15%.
For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 10.5%."
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-tax-rates.html https://www.canada.ca/en/revenue-agency/services/tax/busines...