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TorontoCon





Joined: 14 Aug 2007
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PostPosted: Fri Jan 04, 2008 12:44 am    Post subject: Flat Tax article Reply with quote

http://www.canada.com/topics/n.....amp;k=6820

Interesting read. Nice to see it is being talked about.
Mac





Joined: 02 Sep 2006
Posts: 5500
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votes: 35
Location: John Baird's riding...

PostPosted: Fri Jan 04, 2008 1:02 am    Post subject: Reply with quote

Just once I'd like to read an article talking about the Fraser Institute which isn't prefaced with "right-wing think tank" but alas!

Overall, it's not too bad an article with enough detail to make it interesting and thought provoking... I have to say I've never heard a right-winger complain that a flat tax would be unfair because it eliminates tax shelters. Anyone else heard of such a thing?

Notice how they dug up someone who they called "non-partisan" to say flat taxes might not be a good idea.

Thanks for posting that up!

-Mac
Cool Blue





Joined: 21 Sep 2006
Posts: 3130
Reputation: 114.9
votes: 10
Location: Ontario

PostPosted: Fri Jan 04, 2008 7:51 am    Post subject: Reply with quote

They also name some countries that have flat taxes but fail to mention that Alberta has a provincial flat tax.
kwlafayette





Joined: 03 Sep 2006
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votes: 28
Location: Saskatoon Saskatchewan

PostPosted: Fri Jan 04, 2008 11:12 am    Post subject: Reply with quote

$30 billion in compliance costs. Imagine if that were turned towards an actual productive activity instead.
mrsocko





Joined: 29 Oct 2006
Posts: 2463
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votes: 8
Location: Southwestern Ontario

PostPosted: Fri Jan 04, 2008 8:29 pm    Post subject: Reply with quote

Quote:
Interesting read. Nice to see it is being talked about.


When I saw the headline on National Newswatch I thought, Kw will be happier then a pig in do do.


Last edited by mrsocko on Tue Jan 08, 2008 8:39 pm; edited 1 time in total
FF_Canuck





Joined: 02 Sep 2006
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Location: Southern Alberta

PostPosted: Sat Jan 05, 2008 11:38 pm    Post subject: Reply with quote

Quote:
$30 billion in compliance costs. Imagine if that were turned towards an actual productive activity instead.


I wonder if that is just the cost to government, or if it includes all the private sector spending on accountants, tax software, lost productivity ... etc.
kwlafayette





Joined: 03 Sep 2006
Posts: 6155
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Location: Saskatoon Saskatchewan

PostPosted: Mon Jan 07, 2008 2:39 pm    Post subject: Reply with quote

FF_Canuck wrote:
Quote:
$30 billion in compliance costs. Imagine if that were turned towards an actual productive activity instead.


I wonder if that is just the cost to government, or if it includes all the private sector spending on accountants, tax software, lost productivity ... etc.
I think when they talk about compliance costs, that is just what citizens and businesses pay to make sure they are disclosing all they should, and getting all the breaks they should. Add up the $20 for quick tax times 20 million or so individual filers, and you get the idea.
FF_Canuck





Joined: 02 Sep 2006
Posts: 3360
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votes: 17
Location: Southern Alberta

PostPosted: Mon Jan 07, 2008 9:48 pm    Post subject: Reply with quote

So I had it the other way around, and this figure doesn't include the cost of tax code enforcement (ie Revenue Canada)?
kwlafayette





Joined: 03 Sep 2006
Posts: 6155
Reputation: 156.2Reputation: 156.2
votes: 28
Location: Saskatoon Saskatchewan

PostPosted: Tue Jan 08, 2008 10:46 am    Post subject: Reply with quote

Actually, I don't know. The report would have to define what they mean when they talk about compliance costs. It just may include the payroll for the thousands of accountants and staff at Revenue Canada.
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