Wednesday, December 15, 2004

"Rich walk ever taller in Canada"

rabble columns: The C. D. Howe Institute recently set up a “Tax Competitiveness Centre” to recommend far-reaching tax reforms. That spells trouble for most Canadians.

Unless you're a rich investor, hold onto your wallet. Whenever the business-funded institute starts poking around in the tax system, it finds lots of things to change — mostly for the benefit of the rich.

That means the rest of us end up paying more taxes, or face cuts to social programs or benefits.

With the federal government trying to decide what to do with a surplus of $9 billion, the institute has been full of ideas.

Its latest — advocated by Jack Mintz, head of its new Tax Competitiveness Centre — is strikingly similar to one favoured by the Bush administration:

Lift the tax burden entirely off income from investments and place the full tax burden on income from labour.

Comments:
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