Posted AT 12:01 AM EDT on 07/05/08
Only prosperous provinces will benefit from corporate tax cuts
OTTAWA — The federal government's plan to reduce corporate taxes will only benefit the prosperous provinces and won't do anything to stimulate the slowing economies in the rest of the country, shows a study to be released today.
The federal Conservatives plan to cut the corporate tax rate by seven percentage points by 2011, at a cost of about $15-billion a year when the measures are fully phased in.
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