With a steady lead in the polls and a healthy war chest of political donations, the Conservative Party is rolling out a trio of new advertisements that are being viewed as aiming to redefine and soften Pierre Poilievre's image and messaging.

With a steady lead in the polls and a healthy war chest of political donations, the Conservative Party is rolling out a trio of new advertisements that are being viewed as aiming to redefine and soften Pierre Poilievre’s image and messaging.

  • Splitdipless@lemmy.ca
    5·
    1 year ago

    If removing gas tax is any indication in Ontario, and gas prices stayed the same because the price was still what the market could bear, cutting taxes on grocery stores just means that the stores make more profit. The NDP idea of taxing profit “seems” more effective, but if anyone familiar with Hollywood accounting will say that profits will disappear before taxes are properly paid. They need to tax income.

      • Splitdipless@lemmy.ca
        21·
        1 year ago

        Income: money in (gross). Profit: money after expenses (net).

        While humans have to pay income tax (because the government is afraid we’d have no money left to tax because we’d spend it all), business pays tax on profit. This means that they can totally “expense” more in a year and pay less tax. The only thing preventing that are stockholders, who often like profit as it gives them dividends and makes the stock more desirable and drives the price of the stock up. This assumes that there is a large number of stockholders and not a filthy rich Food Barron holding all the stock (a la Weston).

          • Splitdipless@lemmy.ca
            1·
            1 year ago

            No, I’m suggesting that we tax income rather than profit on large corporations run by a dynasty of incredibly wealthy individuals as they seem to be doing a bit too well under the current system.