My Ottawa sources have told me that John Manley is being let go from law firm McCarthy Tetrault, as they are closing their Ottawa office. You may wish to confirm that.
So why would I care or even comment? Well, because John Manley was the one who pronounced support for Flaherty’s income trust tax on the basis that we can’t have two different types of businesses taxed differently.
I think the last person to put forward a bozo argument like that was Henry Ford, when he said you can have any colour of Model T, provided it’s black. The “one size fits all proponents” also include some talking heads on BNN. Well, at least one of them.
Meanwhile, Manley seems to be oblivious to the fact that these trusts aren’t disappearing under Flaherty’s policy, but rather they are simply being acquired by the pension funds, who take these trusts private and exempt from the 31.5% tax.
As such, we still have the problem that John Manley professes is solved? Smart guy.
Also a trifle hypocritical as well, since the firm who he presently works for is a tax flow through LP, known as McCarthy Tetrualt, LP.
Do you think John Manley will end up working at another tax flow through limited partnership that pays no taxes, or a Thunk Tank, like CD Howe, who think Flaherty’s introduction of a two tiered pension system in Canada, under Flaherty’s trust tax policy, is nifty doodle. Better perhaps if that Thunk Tank were named C D Howdy Doody, for the quality of output they produce and the falsehoods they contribute in hoisting on Canadians.......on behalf of their corporate members.
Tuesday, April 14, 2009
Posted by Fillibluster at 12:50 PM