The HST fallout

The sky is not falling, and for those who are concerned the BC government will lose much needed tax revenues as the HST is being phased out, have no fear.

The sky is not falling, and for those who are concerned the BC government will lose much needed tax revenues as the HST is being phased out, have no fear.

The 5 percent GST + the 7 percent PST will produce the same revenues as the 12 percent HST simply by applying the GST and the PST to the same items we pay the harmonized tax on today.

There is also no urgency developing a new tax system. We don’t have a serious revenue problem – we have a huge spending problem.

The BC Liberal government has been taxing and spending the province into a deep dark hole.

The Clark government should immediately put a moratorium on increases and new spending.

It should then reclaim control of all crown corporations where literally billions of dollars are being wasted.

Civil servants pensions, bonuses, severance and retirement packages must be brought back into line with the real world.

Use and abuse of overtime must be brought under control.

Harmonizing means centralizing, and the reason why the Federal government offered the province 1.5 billion dollars to sign onto the HST was because it would give the feds control of the tax.

For the Liberal government it was cool one and a half billion dollars cash, without having to go to the BC tax payers.

The tax system we had was fine except that the PST was applied at the end of the production line, representing an unnecessary cost and inconvenience to businesses.

By separating the two taxes the Province will now be able to pick and choose the goods and services that will be subject to the PST and it should continue to collect both taxes at the final point of sale.

Andy Thomsen

Summerland BC

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

QUIZ: Are you ready for a summer road trip?

How much do you really know about roads, motor vehicles and car culture? Take this quiz to find out.

Provincial COVID-19 data can now be used for B.C. to prepare for a second wave

In the past week, B.C. has seen a slight spike in daily test-positive case counts

Slow melt at high elevations near Revelstoke this spring

At one location on Mt. Fidelity there is double the usual snowpack for early July

Summerland Ornamental Gardens remain closed

Staff and volunteers continue to weed and maintain plants

Canada’s deficit result of investing in Canadians: Minister of Middle-Class Prosperity

Minister Mona Fortier said the government is working on the next steps as the economy restarts

QUIZ: Are you ready for a summer road trip?

How much do you really know about roads, motor vehicles and car culture? Take this quiz to find out.

Genetic detectives begin work to trace spread of COVID-19 in Canada

The kinds of genetic technology being used for this project did not exist when SARS hit Canada in 2003

COVID-19: Homeless to be relocated from temporary Okanagan shelter

Homeless shelters in Vernon have been combined into one site at the curling rink since April

Dozens of fish die at popular lake near Chase

A few natural phenomena are possible causes for their deaths.

Amber Alert for two Quebec girls cancelled after bodies found

Romy Carpentier, 6, Norah Carpentier, 11, and their father, Martin Carpentier, missing since Wednesday

B.C. man prepares to be first to receive double-hand transplant in Canada

After the surgery, transplant patients face a long recovery

Grocers appear before MPs to explain decision to cut pandemic pay

Executives from three of Canada’s largest grocery chains have defended their decision to end temporary wage increases

Bringing support to Indigenous students and communities, while fulfilling a dream

Mitacs is a nonprofit organization that operates research and training programs

RCMP ‘disappointed’ by talk that race a factor in quiet Rideau Hall arrest

Corey Hurren, who is from Manitoba, is facing 22 charges

Most Read