![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TAXES POLICY * Canada & USA
* Canada - Ontario truckers join pro-tax harmonization lobby coalition
Implementation of HST in Ontario will reduce business costs by billions of dollars
Toronto,ONT,CAN -Today's Trucking -23 Sept 2009: -- A coalition of business and industry groups has formed to demonstrate the broad-based support for sales tax reform in Ontario... The coalition endorses the planned harmonization of the provincial sales tax with the federal GST as the most important measure available to stimulate economic recovery... The group notes that British Columbia's Finance Minister described the move to a harmonized tax as a way not to lose competitiveness with Ontario in the attraction of jobs during the critical time of economic recovery... A report published by TD Economics notes that the implementation of HST in Ontario will reduce business costs by billions of dollars, which in turn, will be passed on to consumers in the form of lower prices... Positive impacts of a single sales tax, when combined with other announced tax reforms, will include: Cutting the marginal effective tax rate on new investment in half; encouraging business investment in Ontario and the creation of jobs; cutting in half the red tape suffered by businesses in Ontario in the collection, remittance and auditing of sales taxes, for an estimated annual savings of $500 million; leveling the playing field with all goods and services in the economy so that all sectors contribute equally to revenue generation... (Images from hankstruckpictures: Prouse Transport Freightliner cabover with a load of hogs at 730 Truck stop in Cardinal, Ontario in March 2000.)* USA - Highway Bill Extension Hits Bump On Gas Taxes
Washington,DC,USA -The Journal of Commerce, by John D. Boyd -Sep 23, 2009: -- House GOP leaders try to force backers to pledge no gas tax hike in future bill... The House of Representatives broke into a sharp fight over extending federal highway program spending by three months, as Republican leaders tried to force backers to pledge they would take a motor fuels tax increase out of the next multi-year surface transport bill... The House needed a two-thirds vote to set aside its normal rules to extend federal funding, which otherwise runs out on Sept. 30 with the end of the government’s fiscal year. But GOP leaders resisted, using the issue to trigger a feisty debate over Democrats’ plans for future transport programs and tax hikes to pay for them... Rep. James L. Oberstar, D-Minn., who chairs the Transportation and Infrastructure Committee, has proposed a new six-year, $500 billion funding bill, partly funded by the first increase in gasoline and diesel taxes since 1993. He has not yet moved it to the full House...
posted by Unknown @ 6:52 AM
0 Comments:
Post a Comment
<< Home