Friday, January 25, 2008

What a load of Stephen Harper's Income Trust tax


Title: Garbage in, Garbage out:

Subtitle: Ways and Means Motion to tax income trusts:

That it is expedient to amend the Income Tax Act, in accordance with proposals announced by the Minister of Finance on October 31, 2006, to uphold the value of fairness for Canadians by:

* levelling the playing field between trusts and partnerships and corporations,


* ensuring that taxes are not unfairly shifted onto the shoulders of Canadian taxpayers, especially Canadian families,

* strengthening Canada’s social security system for pensioners and seniors,


* helping corporations make choices that are consistent with economic growth and competitiveness, and

* bringing Canada’s approach to the taxation of trusts and partnerships back in line with other jurisdictions,


The only antidote to Stephen Harper's effluent tax policy nonsense, is a little truth which will soon be forthcoming now that Parliament resumes next week, and the following matter can be dealt with:

Brent:

Today (December 11, 2007) I have sent this motion to the clerk of the Finance Committee:

"That this committee as soon as possible launch an inquiry into the unproven allegation by the Finance Minister that income trusts result in a loss of tax revenue to Ottawa, in light of reports that 70% of all recent trust purchasers are tax-exempt, while individual Canadian investors lost tens of billions of dollars, and therefore pay less tax, as a result of the government trust decision."

Garth

Hon. Garth Turner, PC, MP
Member of Parliament, Halton
House of Commons K1A 0A6 (613) 996-7046
86 Main Street, Milton (905) 693-0166
Daily blog, www.garth.ca
Email, garth@garth.ca

2 comments:

Dr Mike said...

All I can say , is bring it on!!!!

Time to expose these guys now & make them pay before it is too late to recover some of what this country & it`s investors have lost so far.

Things will get worse if nothing is done--we have only begun to see the repercussions of the TFP.

For some odd reason , this "gnu" gov`t does not seem to mind the takeover of our businesses --do they not see that loss of control means just that--we will no longer have any control of who these businesses hire , who they fire , how they spend their money , & if they pay taxes.

Any economic downturn in the country of purchase & you can bet your sweet "bippy" that they will pull headquarters & the jobs with it back to their country of origin--the fallout from such a scenario will be devastating.

We need a "new" new gov`t to take over--one that is not so focussed on being a little brother to the big guy south of the border.

Until that happens , & it will , we must try to limit the damage these guys can do by being a watchdog on their efforts & commenting at ever turn in any place that we can--we need to let them know that the people are watching & eventually , they will be held accountable.

Mike P

Robert Gibbs said...

To Garth Turner's motion, I add the following resolution to be dealt with by the House Ethics Committee:

"That this committee as soon as possible resolve to censure, remove from office and submit for prosecution by the appropriate authorities Stephen Harper, Jim Flaherty, Mark Carney and other members of the Conservative Government for injustices and crimes against Canada, its citizens and its institutions, as evidenced by the following actions (amongst others):

1) Lying to Canadians (and especially seniors and retirees) about income trusts, thereby unnecessarily and unconscionably causing, amongst other effects, a $35 billion loss to their savings and putting in jeopardy their financial futures.
2)Aiding and abetting the takeover of sovereign Canadian businesses by wealthy private, foreign or undemocratic state-owned wealth funds at the expense of ordinary, average Canadians and other Canadian companies.
3)Lying to Canadians (and especially those in the Atlantic and Saskatchewan provinces) about the Atlantic Accord and the retention of natural resource revenues.
4)Lying to Canadian aboriginals with respect to the Kelowna Accord.
5)Lying to Canadians and Parliament about Afghan detainees, thereby putting in jeopardy the country and Canadian soldiers with respect to international obligations against torture.
6)Allowing Canadians abroad to be subject to the death penalty, contrary to domestic policy and Canadian values.
7)Attempting to eliminate equal rights for all citizens (such as for aboriginals, women, gays and lesbians), contrary to Canadian values.
8)Attempting to subvert domestic and international agreements on climate change.
9)Disrupting and interfering with Canadian Parliamentary committees and witnesses in an attempt to contaminate, conceal or obscure evidence and testimony.
10)Committing elections financing fraud, as evidenced by the irregularities reported by Elections Canada."