CPAC-Nanos Tracking CP 38, LP 31, NDP 17, GP 8, BQ 6 (ending September 15)

You are on glue. There is no mention of anything like that on page 5.

Here is the text from page five - pls point it out. I sure as hell can't see it.

in recent years, some provinces have expanded
their RST base to include more services, such as
insurance; British Columbia has also extended
exemptions from RST to business capital
purchases, thus cutting the effective tax rate on
capital. These attempts to improve the RST have
generally failed, however, to achieve a fair and
efficient sales tax regime. The reason is that it is
virtually impossible to develop a system of
exemptions that eliminates most RST on business
inputs without its becoming highly complex and
subject to significant monitoring costs. For the
RST to be removed on business inputs, a registered
business would have to provide an exemption registration
number to the vendor to indicate that no
tax should levied on the product.11 Given that
many products, such as motor vehicles and
computers, can be used for both consumption and
business purposes, it is problematic for governments
to monitor the awarding of exemptions
to ensure that tax is collected on consumption.
Furthermore, tax evasion could be quite significant,
as taxpayers who are exempt from
collecting tax on business sales could buy tax-free
goods and services and sell them without tax in the
underground economy.12 A VAT, under which
vendors levy the tax on all customers and registered
businesses claim refunds, provides a better
system for relieving business inputs from taxation.
The VAT is not perfect. For example, unlike the
RST, which applies only at the final stage of production
and therefore does not involve other
producers in the economy, the VAT must be
collected at every stage of production. Also, in
many countries, the VAT is levied at multiple
rates, and there are exemptions that lead to inefficiency
and unfairness (Keen and Lockwood
2007). A VAT can also be subject to tax evasion, as
when businesses do not collect tax on sales to
consumers even though they receive a credit for
VAT paid on their business inputs. Further, under
the invoice-credit refund system, businesses that
mainly sell goods and services to other businesses
have an inducement to register to collect VAT in
order to obtain refunds of tax on their inputs,
which raises compliance costs because more registrants
participate in the system than might
otherwise be required. Nonetheless, as so many
countries have discovered, the VAT is a more
efficient mechanism for collecting consumption
taxes, since vendors need not distinguish between
registered and nonregistered consumers because all
sales are taxed, and only registered businesses can
claim a refund for taxes paid on their inputs.

[updated Tue Sep 16 21:02:39 -0400 2008]

Hold on here. I someone trying to incinuet that the liberals didn't promise to kill the gst that the promise was to harminize it with the provinces? Thats a bit of a stretch. Perhaps we should understand what revenue nuetral and carbon tax really mean. And while we are on the subject of Carbon tax if it is revenue nuetral, where is Dion getting all this money to spend on green home repairs, green mortgages, child care,? is this all coming from the proceeds of the carbon ttax? If it is how can spending programs such as these be considered tax reductions? i.e. is it really revenue nuetral or is it nutreal with respect to the budget? Does anyone know? I just don't think Dion is being completly open when he talks about it being tax nuetral. I think he is balancing the equation with spending programs. (sort of like Dalton did with the Health levy, used it to upgrade water systems after walkerton, that was a big stretch) Not that water systems should not have been upgraded, just refering to this as health spending)

[updated Tue Sep 16 21:17:21 -0400 2008]