Thursday, December 4, 2008
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CANADIAN ASSOCIATION OF INCOME TRUST INVESTORS WEBLOG
As you well know, the ‘income trust thing’ has grown beyond the question of whether fair taxes are paid on income from trusts. It’s become a giant dirty snowball, and as it rolls forward it accumulates more and more bulk. There are so many unanswered questions. Let's list a few and invite our "Accountable" government and our free press to provide some much-needed answers.
It is said “Trusts are inefficient use of capital. Why?” Two related questions are ‘Whose money is it, anyway?’, and ‘Do Canadian investors have a free and efficient market?’
How can information that is already in the public domain at SEDAR make for a state secret? How could such information be used to harm the Canadian national interest? And who would cause the harm?
Why won’t the Canadian media investigate the falsehoods and misrepresentations told by the Minister of Finance to a committee of Parliament? Was the Minister in contempt of Parliament?
Why won’t the Canadian media report (a) government tax revenues gained from BCE in 2006 when BCE was a corporation to (b) government tax revenues that would be gained in 2007 from BCE, if BCE had been allowed to proceed to a trust, and (c) government tax revenues that will be gained in 2007 from BCE, when BCE ownership has been carved up as 45% foreign ownership and 55% large Canadian pension fund ownership?
3 comments:
So where are we at? This isn't a minor situation. Harper has absolutely and completely lost the confidence of the majority of the House. It is irreparable. Sooner or later there will be a vote and he will be brought down. And if there is an election we will once again have a minority government. But the Conservatives say that if they have more seats they have a divine right to govern, never mind confidence of the House; the only alternative is another election. We will be in perpetual election mode while Harper will stay as Prime Minister. Either the Tories dump this bozo or Canadians should give him a majority - neither of which will happen.
When thousands of Canadians are losing their jobs, Stephen Harper's #1 job is Stephen Harper's #1 job.
If Harper were to run again & gain another minority , there still would be no confidence as the same guy is still PM.
Unless the Cons dump this clown , there is no hope of a resolution.
Unless the public is suitably duped into giving them a majority then it is lights out for the rest of us.
Dr Mike.
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