Business in Vancouver ran this story back in June:
Vancouver is the second most competitive major city – defined as those with a population of two million or more – when it comes to business taxes, according to a KPMG report released June 17.
Overall, Canada is the most competitive country in the world in terms of its business tax environment.
The country’s low effective corporate tax policy, moderate statutory labour costs and harmonized sales taxes nationwide contributed to its ranking.
Surprised? Indeed, the story strikes a chord of dissonance: That can’t be true! Canada, the most competitive? Vancouver, second in the world?
And then it goes away.
But the Fraser Institute doesn’t. Indeed, it’s right there on the same page, bottom right:
It’s annual story on Tax Freedom Day, repeated and repeated, just keeps on giving…
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