CANADIAN ASSOCIATION OF INCOME TRUST INVESTORS WEBLOG
That is the question?
I, for one, am beginning to wonder?
Posted by
Fillibluster
at
10:50 PM
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?
1 comment:
Extra Extra , read all about it!!
For FREE economic stimulus which will lead to employment & increased prosperity just dump the Tax Fairness Plan thereby repealing the trust tax , develop a true program of income splitting for seniors & remove the double taxation of RRSPs.
We will call it the "New" Tax Fairness Plan in honor of that trained economist Stephen Harper & his sidekick Jim. , without whose help none of this would be possible.
Dr Mike Popovich
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