"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."
"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.
"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.
"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.
2 comments:
This article does nothing more than show us that Reguly is still full of CRAP..
Nothing has changed in the last 8 years
Pleeeese pass the Chapstick & knee pads
Dr Mike Popovich
I'm saddened to hear of the news of the passing of "Jim Flaherty, 64, Canada’s Finance Minister During Fiscal Crisis, Dies" (AP). I'm an optimist; so, I was hoping some day Mr. Flaherty and others would be called to a public hearing on false testimony given to Parliament. Hopefully a hearing can happen even if Mr. Flaherty can no longer help.
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