From today’s Globe and Mail.
Saturday, January 9, 2010
Subscribe to:
Post Comments (Atom)
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?
5 comments:
OMG , I almost fell off of my chair.
From the Glob & Wail yet.
I might just have to check it out again.
Dr Mike
Feb 27, 2008-BCer in Toronto
….The problem is, we rushed into a leadership race after the election defeat without ever really acknowledging the deep rot that has set into the Liberal Party, let alone doing anything to fix it. We created this rot, this sickness through years of Chretien/Martin civil war, preceded by years of Turner/Chretien civil war, going back who knows how many generations. A rot worsened by years of majority government with noses bellied-up to the trough, by self-important organizers that put winning and position before policy and what’s right, by a deep sense of entitlement, by a bloated party machine dependent on big corporate donations.
Unless we ever get serious about reforming this party and returning (or, since they’ve never really had it, giving) power to the grassroots then it’s hard to really care where we go from here. Dion will stay an indecisive yet willing captive to a divided caucus running its own multiple agendas until enough of those factions decide their interests warrant an election. We’ll then finally have an election that, at this rate, we’ll lose. We’ll pin it all on the leader, he’ll probably fall on his sword, and we’ll have a leadership race. We’ll look for the most messiah-like, crown them, the Conservatives will begin their predictable attack ads and the cycle will begin all over again. Remember, you read it here first.
Harper is true to form..He adores Stalin after reading his books and by the looks of it, applies it to everyday parliament.
Harper reads books (all by himself)??
Yes Sassy , I am afraid so---he is a trained economist after all.
He taught Flaherty that 1 + 1 = 3
Dr Mike Popovich
Post a Comment