Winnipeg Free Press Newspaper Archives Mar 5 1990, Page 22

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Winnipeg Free Press (Newspaper) - March 5, 1990, Winnipeg, Manitoba Half so Iuit Ftfe tuft Winnipeg free press March pages Philip business editor business consumption tax Way of the world by John Douglas Winnipeg free press its supposed to be easier to sell the merits of something that is accepted around the world but when it conies to the its a Case of once twice none of the 48 consumption taxes in place throughout the world Are considered to be a Model of fairness and critics of consumption taxes Point to numerous examples of High runaway inflation and staggering personal tax loads in the countries that have despite the countries with the Levy maintain consumption taxes Are i the Long term interest of their its easy to find something that will offend people when it comes to tax a British official said during a recent briefing in the reality is that most coun tries in Europe have had value added taxes that Are very similar to Canadas proposed get for More than 20 years and none of us have gone to Graham a former new zealand finance said there is no looking Back for the Mulroney even if it could result in electoral three years after implementing a consumption new zealand remains one of the strongest advocates of the the architect of the Roger predicts consumption taxes will be adopted by most of the worlds trading nations within 10 gouge screw the get and you part 3 some Coll it a recipe for economic others Call it the largest tax grab in this the free press examines what every body Colts the most important tax measure in recent its a worldwide trend to simplify personal income taxes and shift a greater part of the Burden to consumer he because services now make up such a great part of the it is essential for National govern ments to tap that a spokesman for the French government echoed Douglas senti saying i would be difficult to Trade within the european eco nomic Community without a con Sumer real Benefit David a research associate with the Canadian tax found said that As the euro peans understand the real Benefit of the taxes at the manufacturing level such As our most manufacturers sales tax As Well As higher corporate and personal income taxes tend to contaminate the True exporting Price of a Good because they Are imbedded in the Selling he it is impossible to calculate in the end How much tax is built into the but with a is style the value of the tax can be stripped away from the product at the Bor making its International Price its flexibility and simplicity explain Why consumption taxes Are endorsed by the general agree ment of Tarrius and the Agency that governs world Perry european countries were the first to adopt value added France Lead the Way with a vat in 1954 and by nations had similar Mea sures with rates of ranging from since 12 countries have increased their starting rate four of the coun the Ireland doubled their rates to More than 20 per in four others Britain and West Germany rates increased by five per cent or Only which adopted a vat in has not changed its rate in 20 economists Point out that while most coun tries introduced the tax at a rate of Norway pegged its tax at a 1988 study measuring the tax Burden on organization for eco nomic cooperation and develop ment member concludes consumption taxes result in a larger government tax see few Page 22 governments consider is Type tax vital in their efforts to collect revenues Winnipeg Wood finishing Plant closing As work shifts to Indonesia a Winnipeg manufacturer has become a casualty of aggressive economic development in the emerging countries of the Pacific Mohawk handle Canada a Plant that finishes Wood dowels into handles for mops and other Martin Cash will close its fort Garry factory by the end of april and Lay off its remaining 13 the which Laid off a similar number in will shift its work to Indonesia a nation from which it has imported material for the past several Mohawk president Rob Murley gives several reasons for the including High overhead in Manitoba and pressure from Indonesia to make the the company had been importing about 90 per cent of its Wood from Indonesia for use in the Winnipeg Plant and a sister company in los As Well As by other North american Man fac owned by Vancouver businessman Charles moved to Winnipeg in 1981 to escape the High labor costs and the Power Ful International woodworkers of 41 Leme pc malt Mcelrea 730 7744581 Midway Chrysler two for the Road priced to move Saab from Marion motors the 55minute business lunch at the business today moves at a hectic few can afford to linger Over but fast food on the run is an unappealing the alternative a Superb meal served in the elegant atmosphere of the Westing velvet Glove weekdays from am to you can enjoy a Complete lunch in under an hour for your delicious lunch will include a Choice of havoc Raul soup or Garden fresh a satisfying entree and a Fine cup of Coffee or the velvet gloves 55minute never always experience it this for reservations Call 9856255 1010 Smi Moos leather Power locks air Condi stereo and much 1019 Saai Boos or 6 Speed Power looks it stereo and much Marion motors Imperial Oil annual minting of the directors of Niperia Oil limited have fixed the close of business on March As the record Date for determining the shareholders entitled to receive notice of the annual meeting of shareholders to be held in the metro Toronto convention 255 front Street Ontario on april 1990 at local Richard Michaelides corporate relations Anil general Secretary Ontario March to 105 Pembina Hwy 4771866 theres something deliriously new at 10 new Complete dinners your dinner includes bucket of shrimp special breads with chefs Pate and butter Prairie Black bean soup Romaine or Boston salad vegetables Choice of potatoes or Rice Choice of 10 entrees and what entrees they Are backs basics selections 13 filet of beef 1 14 new York Steak 34 that Milam for two 12 rib Eye Steak 14 prime rib 16 surf and turf 18 Cokken breast 16 rack of Lamb 10 Salmon Fuet 10 Arctic Char filet if you finish your Complete Well give you 50 off your next Complete dinner for great taste and great visit the velvet Glove now open sunday reservations 9856255 the Westin hotel Winnipeg America Union in British Murley he says mohawks move overseas does not represent a Sale to indonesian that it will retain a Winnipeg presence with a distribution and that it will continue Selling finished goods to its custom including two Winnipeg Manu a Container of the Winnipeg plants equipment was shipped to Indonesia last in Murley says the company will be close to needed raw material and will be Able to take advantage of the very Low wages paid Murley says that while Diamond will not invest in the indonesian the Vancouver business Man has an informal arrangement to continue buying the finished goods from the indonesian changes in Canadas lumber Industry also influenced mohawks de the company used to buy All its raw material from Wood according to Mur new Mill technology has reduced wastage and thereby made it harder for Mohawk to buy scraps in the quantities needed to make its Broom pulp and paper companies have a tighter grip on purchasing that Type of material from the Wood Murley says second generation Wood that Wood from Trees planted after Virgin Tim Ber has been Cut Down is not the Best for the products Mohawk this makes one wonder whether second generation Wood will work for More significant products if it is inadequate for the manufacture of something As relatively obscure As Broom the situation also Calls into question the effectiveness of replanting programs being used by lumber Odd a Winnipeg software Rescom ventures has established another major marketing partner for its Stock Market portfolio management last week Rescom signed an 18 exclusive marketing agree ment with tolerate International a worldwide computerized data network that feeds prices and data on Exchange traded financial last Rescom formed a partnership with a Toronto based company that Sells automated sys tems to the systems allow dealers to electronically transmit buy and sell orders to Stock markets for immediate Rescom president de recently returned to Winnipeg from Hong where the firm has a major computer we want to Access the asian he Well get tremendous marketing potential from tolerates of major cities in Southeast pre Fontaine says tips Tokyo office will give Rescom a presence in where companies 20 times rescome size cant afford to open an t1q provides real or online quotes on More than financial instruments and stocks from exchanges around the the partnership with Rescom is specifically with its International manager package a service used by broker Ages and asset management groups to Deal in All types of securities and in multiple Prefontaine says tip wont actually sell for but will introduce the software to its custom ers As an incentive to pair rescome systems with tips data the Deal coincided with rescome completion of arrangements to open a Hong Kong its first outside Rescom hired a Hong Kong who just happens to be a graduate of the University of to run its Hong Kong John whose parents still live in returned to Hong Kong seven years Prefontaine says the Manitoba connection was a Happy coincidence since Lee happened to be the Best qualified rescome presence in the South East Asia Market May be timely despite the recent decline on the Tokyo that because other asian Stock markets in places like Kuala Malaysia and Thailand have been extremely Active and Are expected to continue As such on the strength of massive regional investments from the Prefontaine also thinks his soft Ware will be Well received because most of his Competition is from systems that run off minicomputers much larger and More expensive than the pcs used to operate inter National owned by Dow Jones and has International sales of about 1800 Mii Ift Jbv offices in All

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