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GST cut in Canada labeled snake oil by critics
In Ottawa Finance Minister Michael Wilson cut the GST from 9 to 7 percent, a move critics led by CFIB president John Bulloch deride as snake oil. They warn the 7 percent rate will rise after the next election and note the plan collapses under flaws like higher overall rate, tax cascading, and costly administration. The government shifts revenue loss with a $1,000 one time credit to small business owners and other changes.
MENTIONED IN THIS ARTICLE
Terry O’shaughnessy
Ottawa
Michael Wilson
New Brunswick
John Bulloch
Canadian Federation of Independent Business
Wilson
Bulloch
CFIB
The
Federation