No, the student protest is not just about tuition

Larry Rousseau, Regional Executive Vice President, Public Service Alliance of Canada, The Huffington Post:



In 2011, Quebec eliminated the corporate tax on paid-up capital, denying itself hundreds of millions of dollars in revenue each year. Or take the general corporate income tax rate, which, at 28.4 per cent, means that Quebec has one of the lowest rates in North America. Many readers might be surprised to learn that this statutory corporate tax rate is lower than in California (40.75 ...per cent), Florida (38.58 per cent) and Texas (35.65 per cent). In fact, American subsidiaries in Québec remitting profits to the U.S. must also remit the difference between the lower Québec/Canada corporate tax rate and the higher U.S. rate to the Internal Revenue Service, so Quebec is effectively passing up revenue to a foreign government.

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