A Globe and Mail story on the impact of the big drop in the U.S. corporate tax on Canada quoted UBC economics professor Kevin Milligan.
The cuts bring U.S. corporate tax rates in line with Canadian rates, but Milligan cautioned against making similar tax cuts in Canada to keep Canada competitive.
“If the United States was clearly below us, I’d be quite worried that there would be a growing incentive to shift profits out of Canada,” said Milligan. “But that’s where we are. We’re about tied.”
