The Atlantica Party (AP) supports eliminating business taxes in Nova Scotia. "Let's put money back into the pockets of the people who create opportunity and wealth," said Jonathan Dean, Leader of the Atlantica Party. "This will also encourage businesses to move here and grow the economy."
Currently, Corporate Income Tax in Nova Scotia represents only 3.6% of government revenues. By setting this to zero, Nova Scotia will super-charge the economy. It will also send a strong, clear message to the rest of North America that Nova Scotia is open for business. As a result, new companies will be encouraged to start, and existing companies will recover from COVID and expand faster. As well, existing companies in other jurisdictions will be tempted to move, with their owners, to Nova Scotia (for instance, medical personnel such as family doctors).
This is not a radical idea. For decades Nova Scotia's old-fashioned parties have extended subsidies and tax breaks to businesses, but only to those of their choosing – typically for political reasons. AP is choosing to eliminate the politics by extending these "subsidies" to ALL businesses.
AP publishes The Atlantica Party Balanced Budget, an annual response to the government's budget release. AP's Budget has no deficit while implementing, among other things, a zero-corporate tax. So this policy is attainable.
This policy is part of the Atlantica Party's Platform to make Nova Scotia a "have" province.
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The Atlantica Party was established in 2006 to promote a political revolution in Nova Scotia to fix our broken political system and empower the voter. It is the only political alternative committed to making Nova Scotia a "have" province.