Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: LoneClone who wrote (13303)	10/31/2006 9:29:58 PM
From: WalterWhite	Read Replies (2) of 25575

I have long been an advocate for tax reform and in particular, eliminating the "tax" differential between corporates and trusts in Canada. The whole "trust" issue came to be because we have a ridiculous tax code. Consultants, tax lawyers and accountants have made a fortune from this non-sense. If anything, all companies that have converted or studied this has been weakened. They have paid bucket loads in additional "professional" fees and most important, they have taken their eye off the business of running their business!!! Our middle of the road "conservative" government will keep the door open for stupidity down the road for sure. Not entirely their fault, but rather all previous governments that have created this mess. Wouldn't it be wonderful if all tax was collected via consumption (vat or gst) and user fees so income (personal and business) was no longer taxed AND no filing was required? Globe

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