Enter your email address to follow this blog and receive notifications of new posts by email.

Join 735 other followers

Categories

Hanuman:

And this posted in the Toronto Star:
Food tax: Adding GST to food will benefit the poor, economists say
http://www.thestar.com/business/article/1136219–food-tax-adding-gst-to-food-will-benefit-the-poor-economists-say
The logic escapes me and most other logical individuals.

Originally posted on National Post | News:

By Sheila Dabu Nonato

OTTAWA — The two-decade old GST should be “overhauled” because governments are losing out on billions of dollars in potential revenue, says Jack Mintz, one of Canada’s leading economists.

“The GST is now one of the most inefficient value-added taxes in the developed world. It needs to be fixed,”said Mintz, former CEO of the C.D. Howe Institute.

Mintz supported the recommendations of Prof. Michael Smart of the University of Toronto who presented a paper on the “inefficiencies” of the GST at a news conference Friday.

[np-related]

In the paper, published by the University of Calgary’s School of Public Policy, Smart proposed a consumer sales tax which, unlike the current GST, would be applied at the same rate to all goods and services — including those that are currently not taxed at all, or are taxed at a lower rate.

The uniform tax would mean that consumer…

View original 421 more words

About these ads

Give an opinion

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 735 other followers

%d bloggers like this: