Media Advisory - How high can taxes go before revenue declines?

THE SCHOOL OF PUBLIC POLICY RELEASES GROUND-BREAKING PAPER SHOWING THE OPTIMAL POINT FOR CORPORATE TAXES IN CANADA'S PROVINCES

CALGARY, March 15, 2016 /CNW/ - Back in the U.S. Ford administration, economist Arthur Laffer literally drew a curve on the back of a napkin with top administration officials. The curve showed the point where increased corporate taxes start to actually take in less money. The higher the tax rate after a certain point, the LOWER the revenue. This became known as the Laffer curve – a model that has been tested and shown to be true again and again.

Professor Bev Dahlby of The School of Public Policy has undertaken a huge amount of research to apply the Laffer curve model to Canadian provinces. The results show that some provinces have the tax rate right, and others are actually sacrificing tax revenue because their taxes are too high. This is a report that will shake up provincial treasuries across Canada, and if adopted, could help provinces become competitive and optimize their tax rates. 

Prof. Bev Dahlby will unveil his key finding at a media conference on Wednesday March 16th at 10 a.m. MT. Find out whether your province has taxes right – or is taxing itself into poverty. 

WHAT:

Release of a report on how high provincial corporate taxes can be before revenue declines

WHO:

Professor Beverly Dahlby (Mr.)

WHEN:

Nexen Room, 5th Floor, 906 8th Avenue SW, Calgary Alberta

CALL IN:

Media from outside Alberta can listen to the media conference and ask questions by dialing – 1.800.920.7487 Passcode 43568646#

SOURCE The School of Public Policy - University of Calgary

For further information: Questions? Embargoed copies of the report? Call: Morten Paulsen, 403.399.3377, morten.paulsen2@ucalgary.ca

RELATED LINKS
http://www.ucalgary.ca/policystudies/

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