So taxes are The fault of the US of A!

[merrylander]

Originally Posted by donquixote99

I'm still trying to get my mind around why it becomes rape, if the guys in the boardroom aren't 'from around here.'

Companies in Canada must follow Canadian law, of course. Are you saying the American executives are lawbreakers? Throw the book at 'em!

It becomes rape just as when mining companies here blow the tops off of mountains to get at the coal. Frankly the corporate image is rather tarnished world wide.

[donquixote99]

What I'm getting at, of course, is that it sounds like if a 'Canadian' company digs up minerals and sells them on the world market, that's industry, but if an 'American' company does exactly the same thing, that's rape.

[merrylander]

Originally Posted by donquixote99

What I'm getting at, of course, is that it sounds like if a 'Canadian' company digs up minerals and sells them on the world market, that's industry, but if an 'American' company does exactly the same thing, that's rape.

If a Canadian company digs them up and invests the profits in Canadda that's fine. But if a foreign company digs them up and runs off with the profits where has the country benefitted. Canada was not the only place they did it, I just happen to be more familiar having lived there 52 years.

[donquixote99]

Originally Posted by merrylander

If a Canadian company digs them up and invests the profits in Canadda that's fine. But if a foreign company digs them up and runs off with the profits where has the country benefitted. Canada was not the only place they did it, I just happen to be more familiar having lived there 52 years.

First, the country benefits because the Canadian owners of the mineral rights got paid (at some point). If the minerals were on public land, the company typically must pay a lease fee to the government.

Second, the country benefits from the wages paid to workers.

Third, the country benefits from any Canadian sales of supplies, equipment and services, for the operation.

Fourth, the country benefits from taxes on said profits.

Fifth, the country benefits from the cash inflow when the US company buys a Canadian firm. The Canadian recipients of this cash may invest in other productive Canadian enterprise, or create economic stimulus in Canada by buying other Canadian goods and services.

Sixth, the country benefits from the creation of durable productive assets in Canada, which will generate employment and the other benefits mentioned, over time.

And there is nothing that says the US company can't invest in Canada, or that a Canadian firm will.

[Bigerik]

Originally Posted by whell

Crockola. There are a fair amount of Canadian - owned manufacturing entities - and other sectors represented as well - in the US.

Seems like you need to read some history. Btw, it wasn't a republican president who brought Canada to its knees.

[whell]

Originally Posted by Bigerik

Seems like you need to read some history. Btw, it wasn't a republican president who brought Canada to its knees.

My hIstory is just fine, thanks. Canada has done a fine job of throttling it's own economy.

[Bigerik]

Originally Posted by finnbow

They don't even provide an umbrella for us. They're tactical weapons with a range of several hundred miles.

Yup. They are needed to fight a couple of hundred jihadists arned with AK-47's and home made bombs in Afghanistan.

[BlueStreak]

Have they had the same problems we've had since 2006?

No.

Dave

[Bigerik]

Originally Posted by whell

My hIstory is just fine, thanks. Canada has done a fine job of throttling it's own economy.

As I figured. You have no clue. Thanks for clarifying.

[whell]

Originally Posted by Bigerik

As I figured. You have no clue. Thanks for clarifying.

Coming from you, that's high praise indeed.