Fast tracking his decision???

[Hunter John]

Enjoy lads I voted for them both Federally and Provincially,like millions of others.You wont know it from this forum as Liberals are not allowed to post of the Off Topic section its called censorship.

On the bright side you now have a hunt banned by Tories. previously.

Great, so are you being a good liberal and donating tax refund like wynnoccio asked of you to help her piss more money away ??

[trimmer21]

It's about 30B, not 100B, but your point is valid.
The other interesting thing is that unlike other corporate debts, unpaid taxes are the directors' responsibility.
The government could get a lot of these paid up in a hurry if they started exercising their authority to go after directors.
That would get a lot of action in a hurry.

ref link

http://business.financialpost.com/pe...xes-cra-unpaid
http://www.mcmillan.ca/Files/OntheHo...sLiability.pdf

In some cases,directors may be held accountable where CRA can show procedural and accounting errors,but,once corporatiions are folded and no longer in business,you can't get blood from a stone. Directors can't be touched unless fraud charges are laid and can be proven which very rarely ever happens.

[mosquito]

In some cases,directors may be held accountable where CRA can show procedural and accounting errors,but,once corporatiions are folded and no longer in business,you can't get blood from a stone. Directors can't be touched unless fraud charges are laid and can be proven which very rarely ever happens.

To do that would violate the laws regarding liability, business, investment etc. and even common sense, ... the impact would be catastrophic! I doubt the Liberals would be that suicidal to Canada's economy, it would be the death of investment, innovation and new companies, in other words it would take the NDP to do something that anti-business without criminal intent proven!

As I pointed out before along with the amount being $29B they had written off $4B because of death, bankruptcy etc. so we can get the idea of how much of that is the actual inability to pay.
http://www.oodmag.com/community/show...l=1#post948434
and in the current anti-business atmosphere in Ontario we see alot of businesses leaving.
http://www.oodmag.com/community/show...l=1#post948455

[JBen]

Always makes me laugh when the left brings up corporate greed, or the evils of capitalism. Usually they are Union members who have been brainwashed...

There is sooooo much "evidence" of the "evils" of both, right here, right now, easily seen by anyone with eyes.

The only real difference to me is.
1) There is change occurring with respect to corporate greed, or Executivce abuses, etc, etc, etc, etc. Some quite voluntarily.

2) Unions?

Nope.
I wonder why.

Not sure what any of that has to do with the price of tea in China though.

[werner.reiche]

In some cases,directors may be held accountable where CRA can show procedural and accounting errors,but,once corporatiions are folded and no longer in business,you can't get blood from a stone. Directors can't be touched unless fraud charges are laid and can be proven which very rarely ever happens.

Agree that if the company is bankrupt, there is no money to bet gotten.
However some taxes - like source deductions which were not remitted - they can be held personally liable for.
We went through this at the company where I work in 2010/11.

As far as corporate income taxes go - pretty hard to figure how a company would owe income taxes if it was going bankrupt...Corporate income taxes are only due when a company posts a profit - and if your company posts a profit, but doesn't have the cash to pay income tax - well - that's a bit hard to explain.

[werner.reiche]

To do that would violate the laws regarding liability, business, investment etc. and even common sense, ... the impact would be catastrophic! I doubt the Liberals would be that suicidal to Canada's economy, it would be the death of investment, innovation and new companies, in other words it would take the NDP to do something that anti-business without criminal intent proven!

Make directors responsible for the companies they run??? They are responsible for it. That's why there is "director liability insurance". But there are some things it doesn't cover. Criminal activities and failure to pay taxes.

[JBen]

Yep Werner.

Everyone likes to believe the opposite, and the left certainly likes to make people think so but its not the case. And there are examples and situations where they are personally liable, so even if the company declares bankruptcy.....their million dollar homes, cottages, bank accounts are not off limits.

[Gilroy]

Always makes me laugh when the left brings up corporate greed, or the evils of capitalism. Usually they are Union members who have been brainwashed...

There is sooooo much "evidence" of the "evils" of both, right here, right now, easily seen by anyone with eyes.

The only real difference to me is.
1) There is change occurring with respect to corporate greed, or Executivce abuses, etc, etc, etc, etc. Some quite voluntarily.

2) Unions?

Nope.
I wonder why.

Not sure what any of that has to do with the price of tea in China though.

Watch the new movie THE BIG SHORT, another example of Wall Street Greed.

[Gilroy]

Great, so are you being a good liberal and donating tax refund like wynnoccio asked of you to help her piss more money away ??

Nay,I,am a Scottish Liberal.

[Hunter John]

So you are cheap.. LOL Gilroy. I like the honesty.