I forget what the relevant American rate is, but I can…
“I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly - by a significant margin the lowest corporate tax rates in the G-7, and that's our - our government's objective.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The speaker outlines a fiscal target to cap the combined federal‑provincial corporate tax rate at 25%, positioning the nation among the lowest in the G‑7 by 2012.
In simple terms: Setting a competitive corporate tax ceiling.
Key Takeaway
Lower taxes to attract business.
Themes
fiscal policy
tax competition
economic growth
government objectives
G‑7 comparison
Mood
optimistic
strategic
Type
policy statement
political speech
When to use this quote
- national budget planning
- business investment attraction
- policy announcements
- intergovernmental negotiations
Key Concepts
corporate tax rate
federal‑provincial coordination
budget targets
Practical Applications
- policy drafting
- public communication
Questions to Reflect On
- How might lower corporate taxes affect public services?
- What risks accompany aggressive tax competition?