Define "developed." China is notorious for demanding partial government ownership of the company and/or its intellectual property.
2. Canada is not particularly regulation heavy and has a LOWER corporate tax burden than the U.S.
All-in rate for Michigan [[Fed, 43.5 + Mich 6) = 49.5%
All-in rate for Ontario [[Fed, 15 + ON 11.5) = 26.5%
just saying.
Canada may have a lower marginal tax rate, but when you account for the plethora of loopholes in the US, the effective rate is higher [[I.E., GE somehow avoided paying any taxes on $200+ million in revenue).
1. While it is true that Ontario's labour laws are a bit more generous than those in most US States, the differences aren't huge and would hardly matter to a well-paid, well educated workforce.
Largely the differences are, higher min. wage [[but our software engineers and senior corp. managers have lower salaries, after factoring for currency).
A whopping 2 paid sick days by law [[ I would imagine most Amazon staff get more than this already)
And three weeks paid vacation after 5 years.
Again, at the pay-grade we're discussing, most will get this or better already.
The work week here is 44 hours [[before OT kicks in); and OT doesn't apply to managers.
Its also rare to apply it to salary staff. [[only hourly)
All fair points, but to be clear, I said one would be hard pressed to find a country besides the US where all of the 3 things I listed *combined* applies.
The biggest mark against Canada would be its taxes, not only the higher effective rate for corporations, but also the higher rate for the middle class workers Amazon would want to attract [[between VAT and the universal health care system).
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