Wednesday, September 16, 2009
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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?
4 comments:
Isn`t that about it!!
Thank God Uncle Gilles & Happy Jack are about to bail us out of this one, at least for the time being.
The voter backlash against a "call" would have been horrific.
You cannot let the election call itself become one of the main issues in a campaign as democracy would not be served.
Perhaps if the Liberals had put out a policy statement just prior to pulling their support , then things might just be different-- right now they just look power hungry.
Dr Mike
I wonder why no one praised the Liberals for helping to avoid a summer election.
So I open up a blog site and see the following...
"It is not very often that one gets to witness a "leadership frontrunner" immolate his own candidacy so blithely, so recklessly, but if you click here and you peer inside, you will see the corpse of Michael Ignatieff’s vaulting ambition. He is done – and if he isn’t, he should be."
The author ...Warren Kinsella Liberal strategist.
anonymous: care to provide a link for this quote?
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