OTTAWA — Two sectors were responsible for the majority of corporate capital gains earned in Canada over five years but added no new jobs over that time span, a new study found.
  • kent_eh@lemmy.caEnglish
    0·
    3 months ago

    the miscellaneous intermediation sector, which includes venture capital companies and investment banks, as well as the real estate sector

    For the curious. It’s buried halfway down the article.

    • healthetank@lemmy.ca
      0·
      3 months ago

      I feel like the rest of the sentence is important for those skimming for the important bits -

      together made 52.6 per cent of all corporate capital gains reported in Canada between 2018 and 2022.

      That’s a stupidly large percentage of the capital gains reported. The argument that capital gains tax stifles innovate is argued against in the report as well

      The report also finds there’s no historical correlation between capital gains taxes and business investment in machinery, equipment and intellectual property.

      • wise_pancake@lemmy.ca
        1·
        3 months ago

        Wait… It turns out businesses always want to be more efficient, and whether they pay a tax they have no control over makes no difference?