Fraser Institute says H.S.T. will benefit low and middle income earners.
- Thread starter JLM
- Start date
Show me something to back up "ultimately benefit from the savings that these business are going to experience."
I have never heard of a business passing on tax savings to the consumer, it's more profit to them.
[gags at your unconditional love for all things government]
Here’s one such example.
I do not support Her Majesty’s Government for British Columbia, but nice try.
"plans to pass on lower prices to customers after the new tax becomes law July 1."
One company so far, if 90% of the businesses in total, benefiting from this tax change choose to do the same, maybe then you can claim this is a benefit for consumers.
A liberal you don't like? That's unheard of. :smile:
Liberal in name only. They are Social Credit in liberal clothing. Gordo is as right wing as they come. His hero is the Govenator.
From a bottom-feeder's perspective, my gas goes up, my hydro goes up, my groceries go up, my car insurance goes up - and my ODSP falls farther behind.
Maybe so, but if his government falls and if he runs on the harmonization platform, do you think he will be reelected?
Perhaps it was necessary to keep it low key in order to get a majority. I remember Mulroney had introduction of GST in his platform, but he kept it very low key. The election was about free trade and hardly anybody talked about the GST.
A politician does whatever is necessary to get elected.
There is hardly any opposition in Ontario. If asked, people probably will say they are against it, but there is no strong sentiment against it. Perhaps one reason is that if anybody was going to organize the opposition, it would be the opposition party, which is the Conservative Party. But seeing that Conservatives in Ottawa support it so strongly, Conservatives here in Ontario cannot really oppose it tooth and nail.
Well I have- If you have a business and every employee is sitting on their A$$ along with all the other business, you know damn well one of them is going to start paring prices to get an edge. The restaurant business especially in summer will be cut throat.
Before you critique the article I posted perhaps you should actually read it.
Don't believe me though, someone who actually runs a buisness and charges the sales tax.:roll::lol:
Competitive pressures in Atlantic Canada saw the savings businesses realized from lower cost of production passed onto consumers.
It's not conjecture, that's what economists have found when they look back:
http://cms.chilliwackchamber.com/hst_atlantic.pdf
"To summarize, we found that prices adjusted as expected during the first two years of the HST for the three HST-participating provinces and the overall price fell somewhat."
Look at the consumer price index in NS, NB and Nfld Lab...overall, all 3 CPI's for the three provinces went down. Effective capital investment tax rates went down....
Seriously, what do you think happens when one store doesn't pass on the cost savings? All it takes is for one competitor to pass on a portion of the savings, and then total sales goes up. Then others follow suit. That's what has happened here.
It's not conjecture, that's what economists have found when they look back:
http://cms.chilliwackchamber.com/hst_atlantic.pdf
"To summarize, we found that prices adjusted as expected during the first two years of the HST for the three HST-participating provinces and the overall price fell somewhat."
Look at the consumer price index in NS, NB and Nfld Lab...overall, all 3 CPI's for the three provinces went down. Effective capital investment tax rates went down....
Seriously, what do you think happens when one store doesn't pass on the cost savings? All it takes is for one competitor to pass on a portion of the savings, and then total sales goes up. Then others follow suit. That's what has happened here.
Not to mention making the province more competetive and creating jobs for lower and middle income earners.
I have a PDF document (13 pages) naming "some" of the changes in tax. For any of you who smoke - all products in that area are going up to a 12% tax. PST was not charged on cigarettes before. The pages are broken down by product. There is just way too much information to post on here.
Ontario Announces New HST Exemptions
"Other items, such as basic groceries, most health and education services, prescription drugs and childcare, would not be subject to the HST."
I don't disbelieve you, but a link would convince me. It's time we had some facts on this thing, we've heard opinions for months.