News for hackers. Stuff that matters.

A comment on Toronto Startup Expert: What Toronto's got that the Valley Can't Provide. Parent comment

Re:Toronto Startup Expert: What Toronto's got that the Valle... by pmchiu on Monday January 31, 2011 @07:05PM (#2163774)
True - but then the developers have to deal with higher taxes as a result of free health care.

I also think the effective corporate tax rate is higher too so that can causes issues.

[ Parent | on HN ]
Re:Toronto Startup Expert: What Toronto's got that the Valle... by matdwyer on Monday January 31, 2011 @08:48PM (#2164075)
Well, hard to compare as it isn't really an easy process for a Canadian to just decide to go work in the USA instead of Canada to avoid the tax.

If you're a founder you're likely minimizing your "income" to almost zero to avoid as much tax as you can anyway.

[ Parent | on HN ]