Poilievre announces capital gains tax cut for investors putting money in Canada
DarkWinterNights @ DarkWinterNights @lemmy.world Posts 0Comments 101Joined 2 yr. ago
DarkWinterNights @ DarkWinterNights @lemmy.world
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They're being extremely "artful" in the way they keep presenting the standard playbook (tax cuts).
He's essentially promising a tax deferment, not a tax cut, which isn't the same thing; from the article, when you reinvest domestically the tax rolls over. For the majority of investors this isn't an incentive especially when you compare with the performance of other markets or the lack of market diversity and stimulus (look to what CHIPs did for the US semiconductor market). It's generally for borrowing against money that isn't yours.
He says unironically still in front of his "Canada First" sign. It's Diet PP, still with that great Trumpian rhetoric flavor.