Sunday, May 25, 2008

Ontario Sneaking In New Cyber-Trash Tax

Ontario Premier Dalton McGuinty again is breaking his promise not to impose new taxes. This time he is trying to do it by stealth with a new cyber-trash tax.

The Toronto and London Sun newspapers are carrying the story about the $105 million tax grab.

Cabinet will quietly approve the tax in the next few weeks. The CTF has been trying to raise awareness of this tax for the last little while and few media outlets have been interested in the story.

Phase One of the Four-phase program will impose $62 million of new fees on importers and manufacturers. Once they mark up the cost of the tax and pass it on to consumers it will drain another $105-$210 million from the pockets of consumers. Just wait until phase 2, 3 and 4 kick in. Yikes!

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