If the recommendations from the committee are implemented, today could mark a turning point for the province.
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Thursday, November 24, 2005
Sask business tax review committee
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4 comments:
I'd really be suprised if the province was suddenly boom town because of a cut in the business tax. The city of Regina cut the business tax by 15 million dollars a year. I don't think it helped small businesses but Home Depot and Superstore are winners. Prices didn't drop. I have mixed feelings about tax cuts. I hate to go the past but I have to.........Reverend Devine cut the sales tax and other taxes and then was forced to implement a 2% flat tax which made us higher taxed than before the cuts.
Well, we have the highest corporate taxes in Canada, and probably the world (excluding communist countries, which obviously don't count).
If you don't believe it will work, I'd take a peak at Ireland, Ontario and British Columbia.
And I really don't believe you are reluctant to go into the past.
Ontario and BC are rich provinces with now high deficits in their coffers. BC government fired 12,000 people...........for what? They still can't balance the books. Ontario,I really don't know the political situation because I don't live there.........I know Ontario pays out money to the federal government in transfer payments.BC receives money in transfer payments(Have not Province?) Something doesn't sit right with me. We cannot afford to give big tax cuts here in Sask.Our total debt is at 7 billion.....what was it at 10 years ago?
I think you should look at when the deficits stacked up in BC. It wasn't under the current government. I believe the BC government is currently in a balanced budget position, finally.
Ever hear of the fudge-it budget?
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