Eric Reguly claims income trust tax revealed Jim Flaherty's true character

In the new cottage industry that has sprung up known as Jim Flaherty myth building, we have the Globe and Mail's Eric Reguly positing in a piece entitled The brave move that showed Jim Flaherty's true character that Jim Flaherty's income trust tax is what defines Jim Flaherty's true character, with the conclusion that Jim should be revered for making this decision. To which I posted this comment:

"Yes, the income trust issue sure showed Jim Flaherty's true character. That is, his true character as someone willing to blatantly lie about the policy's main allegation that income trusts cause tax leakage, which is a completely false construct. Just ask any reputable source about whether tax leakage is truth or fiction, like BMO Capital Markets, Royal Bank, Pricewaterhouse Coopers or HLB Decision Economics.

Even Jack Mintz admitted that to me in an email dated November 28, 2006 in which he stated:
"I do want to point out that there is a serious flaw in many of the [tax leakage] analyses especially on the taxation of pension and RRSP accounts. Finance was not right to treat the impact as ZERO."

So Flaherty lied to all Canadians when he said the Conservatives 2006 election promise to not tax income trusts had to be reversed since conversions of firms like Telus and BCE would cause tax leakage, since that was patently untrue. This revealed Flaherty's true characters as either someone grossly deceitful or grossly incompetent. Take you pick. That's Flaherty's true legacy.

That aside, my condolences to his family."

Yes, the income trust issue sure showed Jim Flaherty's true character.That is, his true character as someone willing to blatantly lie about the policy's main allegation that income trusts cause tax leakage, which is a completely false construct. Just ask any reputable source about whether tax leakage is truth or fiction, like BMO Capital Markets, Royal Bank, Pricewaterhouse Coopers or HLB Decision Economics. Even Jack Mintz admitted that to me in an email dated November 28, 2006 in which he stated:
"I do want to point out that there is a serious flaw in many of the [tax leakage]
analyses especially on the taxation of pension and RRSP accounts. Finance was
not right to treat the impact as ZERO."
So Flaherty lied to all Canadians when he said the Conservatives 2006 election promise to not tax income trusts had to be reversed since conversions of firms like Telus and BCE would cause tax leakage, since that was patently untrue. This revealed Flaherty's true characters as either someone grossly deceitful or grossly incompetent. Take you pick. That's Flaherty's true legacy.

That aside, my condolences to his family.

Yes, the income trust issue sure showed Jim Flaherty's true character.That is, his true character as someone willing to blatantly lie about the policy's main allegation that income trusts cause tax leakage, which is a completely false construct. Just ask any reputable source about whether tax leakage is truth or fiction, like BMO Capital Markets, Royal Bank, Pricewaterhouse Coopers or HLB Decision Economics. Even Jack Mintz admitted that to me in an email dated November 28, 2006 in which he stated:
"I do want to point out that there is a serious flaw in many of the [tax leakage]
analyses especially on the taxation of pension and RRSP accounts. Finance was
not right to treat the impact as ZERO."
So Flaherty lied to all Canadians when he said the Conservatives 2006 election promise to not tax income trusts had to be reversed since conversions of firms like Telus and BCE would cause tax leakage, since that was patently untrue. This revealed Flaherty's true characters as either someone grossly deceitful or grossly incompetent. Take you pick. That's Flaherty's true legacy.

That aside, my condolences to his family.

Yes, the income trust issue sure showed Jim Flaherty's true character.That is, his true character as someone willing to blatantly lie about the policy's main allegation that income trusts cause tax leakage, which is a completely false construct. Just ask any reputable source about whether tax leakage is truth or fiction, like BMO Capital Markets, Royal Bank, Pricewaterhouse Coopers or HLB Decision Economics. Even Jack Mintz admitted that to me in an email dated November 28, 2006 in which he stated:
"I do want to point out that there is a serious flaw in many of the [tax leakage]
analyses especially on the taxation of pension and RRSP accounts. Finance was
not right to treat the impact as ZERO."
So Flaherty lied to all Canadians when he said the Conservatives 2006 election promise to not tax income trusts had to be reversed since conversions of firms like Telus and BCE would cause tax leakage, since that was patently untrue. This revealed Flaherty's true characters as either someone grossly deceitful or grossly incompetent. Take you pick. That's Flaherty's true legacy.

That aside, my condolences to his family.