It's a good thing Flaherty didn't head the IMF. ......He'd have no one to blame, except his own miserably incompetent and negligent self:
August 2008: "Canada is feeling the impact of global economic factors that are beyond the control of any one individual or government"
Spring 2007: Trust buyouts not my fault, Flaherty says
TORONTO, OTTAWA, LONDON -- Income trusts are being sold at an increasing rate, largely to foreigners and private equity players, but Finance Minister Jim Flaherty rejects the charge by critics that the Harper government's controversial income trust tax is in some way to blame.
"This is not something that has to do with a particular tax policy," he said yesterday during a visit to London to promote his 2007 federal budget.
"It has to do with large pools of capital that have been accumulated and are looking for purchases in various parts of the world."
Saturday, August 9, 2008
The "globe" has become Flaherty's catch-all excuse:
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4 comments:
As head of the IMF he would have simply imposed a 31.5% tax on the world.
GL
Why RRSP and RRIF account holders should refuse to pay tax when they deregister funds to pay living expenses in accounts with income trust holdings.
There is a diagram the Department of Finance utilized to justify adding a 31.5% tax on income trust distributions. Says right there, 'Tax-exempt investors pay no tax', therefore, I take them at their word. Just try and refuse to 'pay no tax.'
This must be one of the most financially damaging lies ever heaped like a pile of refuse on the Canadian public. How can these people be trusted if they can be such LIARS!
GL
"This is not something that has to do with a particular tax policy".
"It has to do with large pools of capital that have been accumulated and are looking for purchases in various parts of the world."
What a "gas bag".
This guy does not have a clue---if he had one ,it would be lonely.
Private money normally looks for entities that have been devalued for one reason or another , something that presents as a better deal.
And what was it that devalued trusts---why it was Jim himself & a few of his cronies---they implemented a new tax which was done with one thing in mind--get rid of income trusts.
Jim (gasbag) Flaherty has kind of a nice ring to it---even better when it is true.
Dr mike Popovich.
His Flatulance knows no bounds and has no conscience, as he will say whatever the PMO feeds him, and, worst of all, most of the business media unquestioningly believe or support all the PMO's bullshit. Maybe by this Hallowe'en he and his cronies will have got their comeuppance and be banished along with all the other demons, hobgoblins, and evil spirits.
Paul Sirois
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