HST should result in smaller tax burden

Editor:

As I see it, we are going to pay just so much in taxes.

Editor:

As I see it, we are going to pay just so much in taxes.

The only choice we have is in what form we want the taxation.

Basically, we have three choices: income tax, property tax, or sales tax.

It sounds painless to say, “Make business pay,” but in essence that is just a hidden form of sales tax — we pay businesses’ taxes when we buy their goods or services.

Economists tell us that a sales tax is the least detrimental tax to the economy. Businesses are attracted to invest in places with favourable tax policies.

This in return results in more prosperity and more jobs. An interesting example is the deep south in the U.S. This area was deeply depressed until these states made it tax-attractive for business.

Businesses moved in and the economy boomed.

Since we are going to pay the government costs one way or another, let us choose that which is the best for our economy.

A practical reason for the HST is that administration costs for one tax will be less than for two.

That should result in a somewhat smaller tax burden, which we would hope would be passed on to the people.

Margie Kaufman

Williams Lake

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Pharmacist Barbara Violo arranges all the empty vials of the Oxford-AstraZeneca COVID-19 vaccines that she has provided to customers at the Junction Chemist which is an independent pharmacy during the COVID-19 pandemic in Toronto, on Monday, April 19, 2021. THE CANADIAN PRESS/Nathan Denette
B.C.’s 1st vaccine-induced blood clot case detected in Interior Health

Interior Health also recorded 52 new cases of COVID-19

Williams Lake RCMP are asking the public for assistance locating Marion Louise Billy. (Photo submitted)
Williams Lake RCMP seek woman wanted for theft, weapon possession

RCMP released the information Thursday, May 6

Audrey McKinnon was officially named the NDP nominee for the federal riding of Cariboo-Prince George. (Twitter)
Audrey McKinnon confirmed as Cariboo Prince-George federal NDP nominee

The nomination comes during speculation the federal government

Gibraltar Mine general manager and community sports coach Ben Pierce moved to Williams Lake in 2008 for a career, and has fallen in love with the area while raising his family in the Cariboo. (Photo submitted)
OUR HOMETOWN: Mine manager on solid ground

Juggling academics, sports and a family was a challenge, but Pierce said he and Liselle made it work

Protesters attempt to stop clear-cutting of old-growth trees in Fairy Creek near Port Renfrew. (Will O’Connell photo)
VIDEO: Workers, activists clash at site of Vancouver Island logging operation

Forest license holders asking for independent investigation into incident

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Starting Tuesday, May 11, B.C. adults born in 1981 and earlier will be able to register for a vaccine dose. (Haley Ritchie/Black Press Media)
BC adults 40+ eligible to book COVID-19 vaccinations next week

Starting Tuesday, people born in 1981 and earlier will be able to schedule their inoculation against the virus

Parks Canada and Tla-o-qui-aht Tribal Parks dig the washed up Princess M out from sand along the south shore of the Pacific Rim National Park Reserve. (Nora O’Malley photo)
Rescue attempt costs man his boat off Pacific Rim National Park Reserve

Coast Guard response questioned after volunteer responder’s speedboat capsizes in heavy swells

Al Kowalko shows off the province’s first electric school bus, running kids to three elementary and two secondary schools on the West Shore. (Zoe Ducklow/News Staff)
B.C.’s first electric school bus making the rounds in Victoria suburbs

No emissions, no fuel costs and less maintenance will offset the $750K upfront expense

Road sign on Highway 1 west of Hope warns drivers of COVID-19 essential travel road checks on the highways into the B.C. Interior. (Jessica Peters/Chilliwack Progress)
B.C. residents want travel checks at Alberta border, MLA says

Police road checks in place at highways out of Vancouver area

Victoria police say the photo they circulated of an alleged cat thief was actually a woman taking her own cat to the vet. (Black Press Media File Photo)
Photo of suspected cat thief released by Victoria police actually just woman with her pet

Police learned the she didn’t steal Penelope the cat, and was actually taking her cat to the vet

The Canadian Coast Guard icebreaker Louis S. St-Laurent sails past a iceberg in Lancaster Sound, Friday, July 11, 2008. The federal government is expected to end nearly two years of mystery today and reveal its plan to build a new, long overdue heavy icebreaker for the Canadian Coast Guard. THE CANADIAN PRESS/Jonathan Hayward
Vancouver, Quebec shipyards to each get new heavy icebreaker, cost remains a mystery

Vancouver’s Seaspan Shipyards and Quebec-based Chantier Davie will each build an icebreaker for the coast guard

Most Read