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Deadline Looms for Submissions to HST Panel

By 250 News

Wednesday, March 02, 2011 03:42 AM

Prince George, B.C.- Time is running short if you want to let the independent panel that’s reviewing the pros and cons of the HST, know how the harmonized tax has impacted you or your business.
 
The  panel  will report publicly on the information it receives, but needs to hear how the HST has impacted the lives of British Columbians.   The deadline for making a submission is this Friday, March 4th.
 
The panel is interested in submissions related to the following terms of reference for the review:
· The consumer impacts to individuals/families of each option.
· The expected impact of each option to BC businesses and BC economic competitiveness.
· The fiscal implications of each option to the provincial budget in both the short and long term.
· Relevant information and analyses from other jurisdictions.
 
In addition to your thoughts on  your experience with the HST, the panel is interested in what it would mean to your business or your sector, if B.C. decides to bring back the Provincial Sales Tax.
 
You can send your comments  via e-mail to submissions@bchstinfo.ca or fax to 604-775-0727.
 
 
The panel is made up of:
 
Chair – Jim Dinning who serves as chair of the Canada West Foundation and Western Financial Group Inc. He is a chair and director of a number of public, private and not for profit companies and organizations.
 
George Morfitt -  is a graduate of the University of British Columbia and a chartered accountant. After a 20-year career as chief financial officer in the private sector in Vancouver, he served two terms as auditor general of British Columbia.

Tracy Redies - is the CEO of Coast Capital Savings – Canada’s second-largest credit union outside of Quebec with over 400,000 members. She has been recognized as one of Canada’s top 100 female business executives.

John Richards - is a professor in the school of public policy at Simon Fraser University. Professor Richards also served as an NDP Member of the Saskatchewan legislature from 1973-1975.
The panel will review submissions within its terms of reference and provide them publicly as part of the panel reporting process (it will report duplicate submissions only once).

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Comments

interesting...all business people so i am sure they won't be bias towards keeping the HST...WILL THEY!
I don't understand how people can say this tax is good for us. I don't see it coming back to me. I can't even send my kids to the store with a dollar. Candy bags are a dollar but when you put add the tax, its a $1.24. Chocolate bar $1.29 with tax $1.44. How it this good for me. Sure I spend less now. The big ticket items, I have to wait till I can afford to pay the tax. The only people I can see it helping is the goverment. Get rid of it or lower it to a reasonable rate so we can get back to spending money and supporting business.
I sent my email. Did You? (just a general question to everyone)
Lots of benefits from the HST. 2 up scale restaurants in Vcr announce they are closing since business is down since the application of HST to restaurant meals. Obviously less fatty food in your diet. The people who worked in the restaurants will be unemployed and driving less........benefit less air pollution from autos.
Less money in the pockets of consumers and more in the pockets of big business. It is only fair the average working Joe support big business. The Lieberals would have it no other way.
A panel made up of Lieberal appointed individuals. How can anyone suggest Lieberal appointed people would be anything but impartial.
I'm going too.
This whole panel is a fiasco. The Government brought in the tax against the wishes of the people of BC.

We went to a petition and forced this issue to a referendum. 700,000 people signed the petition, and in fact the support against the tax was so great the the Premier of the Province was forced to resign. Thats pretty strong stuff, and clearly shows that people have no use for this bloody tax.

For the Government now to set up a panel to review the tax. A panel of thier buddies I might add, is adding insult to injury. We dont need a reveiw of this tax. We need to have it abolished and the PST re-instated as outlined in the legal petition before the Government.

The Government is still trying to screw us around, as it has been on this issue from the get go. The two main supporters of the tax are Campbell and Hansen. Campbell is gone. Shifty Hansen is still around and still trying to push this bloody tax through.

If Christy Clark has any hope whatsoever to get this **Shifty** Government re-elected, she had better get rid of this tax sooner rather than later. In the process she should get rid of Hansen, and a few other scallywags in her Government. These dogs have ran their last mile, and should be retired.,

This is a rotting. stinking tax, it is great for Governments, and great for business, however it is the death knell for consumers. Just look at the Countries that have this tax ie; Portugal, Spain, Italy, and other European Countries and you will see that the tax ranges from 19% to 24% and they pay income tax in addition to the VAT (HST). These Countries are all going broke, they are bankrupt, they have over borrowed, and over spent, and now the Liberals want us to implement the same system. Are they actually that **Stupid**

We need less Government and less taxes, and we need it now. Gettng rid of the HST is a good first step in showing the Government that their days of irresponsible spending are coming to an end.

Dont insult my intelligence by having a bunch of yes men sit on a panel and pretend to give a s..t about me or how these taxes effect me., The fact of the matter is they could care less.

If they did care they would never have sat on the panel in the first place.



We might want to be very careful when dealing with Christy Clark on the HST referendum.
People have short memories.
It was Clark who called the anti-HST crowd, the Taliban, and Bill Vanderzalm, a Taliban leader!
In terms of dollars and cents,the Liberals cannot afford to lose the HST.
They need the money...badly,or they may have a huge problem on their hands.
They are not above pulling another fast one and telling a few more lies to make sure the HST sticks.
I really think Colin Hansen has lost all credibility with the majority of people in BC after his Tim Horton's/Healthcare rant,so Christy Clark should muzzle him about any more comments about the HST!
If Clark was smart,and the jury is still out on that, she would dump some Liberal/Campbell loyalists completely.
The first time the old guard doesn't like what Clark says or does,they are going to make her life a living hell.
They will make a lame duck Premier out of her faster than she can say "B.C.Rail"!
And they are just the gang to do it, too.
-Kevin Falcon
-Colin Hansen
-Rich Coleman
-Shirley Bond
-Gordon Hoag
-Margaret McDairmid
-Kevin Kruger
-John Les
-Ida Chong
-Mike deJong
..oh hell...just clean out the cabinet altogether, and start over with a bunch of fresh backbenchers.
They sure couldn't do any worse than this bunch of Campbell butt-kissers have done!
Keep in mind,everyone of them and more,stood against their own constituents over the HST.
And it sure wasn't because the HST was good for us!
It remains to be seen just who and what Christy Clark really is.
What she does will her new cabinet will tell the tale.
There is really only ONE beneficiary of the HST. And that is the BANKS. It improves the rate of business profit from which the loans they make are amortised. Which allows them to make MORE loans to business.

So far as job creation is concerned, there will undoubtedly be some temporary construction oriented jobs created when businesses increase their capital spending. But NO business invests in new plant or technology to INCREASE its labour costs long term, only to REDUCE them.

To say that the tax is a gift to business is completely erroneous. The PST portion of their capital spending that they previously paid was all recovered by them through capital cost allowance for depreciation. If they were export oriented businesses, the depreciation expense component they allocate into the price of their products INCLUDED the amount paid in PST.

Just as any operating costs on which they paid PST was allocated into prices with that tax INCLUDED. And in each instance, the foreigner receiving our exports was , in effect, paying that tax. Now under HST we effectively give them our goods WITHOUT the inclusion of the PST in the price THEY pay, while WE make up for it in the prices WE pay. That's Liberal brilliance for you!

This makes about as much sense as saying everyone could be working full time all the time exporting all our production and winning the global competition for world markets if everyone worked for nothing.
The HST is like a flat tax on the cost of employing people taking a guaranteed profit for government from those that employ people on the gross revenue of employers for the cost of employing Canadians... regardless of whether or not an economic enterprise is profitable in its services or not. Its an anti employment tax for the profits of big unaccountable government and multinational resource exporters.

Its a symptom of public sector unions costing private sector works more money for less results, because politicians can disconnect from reality with a broad sweeping in scope HST.

I think, when the Vancovuer foreign and debt induced realestate ponzi scheme expires... reality will have to set in that it is the public sector that will have to shrink to serve the private sector, or we will all become slaves to debt. HST does nothing to soften this transition and only enables further the unaccountable growth in the public sector at the expense of middle class working Canadians, while corporate shareholders take no responsibility for the markets where their profits are made.

HST is a bad tax by an insider political system of unaccountable bureaucrats and party insiders working for mutual gain for corporate interests that are not in line with the working middle class of Canada.

AIMHO
I submitted something of similar ilk.... :)
HST is a tax on much of your after Income Tax net earnings levied BEFORE you've even received them. Years before, in many instances. For it taxes your spending both from what you've already earned, and from what you're going to have to earn to ever repay what you've spent from what you've borrowed.

With British Columbians, on average, already in hock to the tune of $ 1.40 for every $ 1.00 of disposable income they receive ~ a ratio that will only grow larger over time ~ it's easy to see the attractiveness of such a tax for government. And the Banks. And why they are so anxious and willing to supplant Income Taxes with this type of taxation.

Once firmly established in place, and a majority government is secure in both Ottawa and Victoria, the HST can easily be extended to apply to an even broader range of necessities than it presently does. That has been the experience with this type of taxation elsewhere in the world. There's no reason to suppose it will be any different here. Recall is still our best option.
Should the HST remain in place,the first thing that will happen is the Liberals will raise...to about 14 percent.
Assuming of course,they win the election in 2013.
I refuse to believe we are that stupid.