No threat posed by loss of HST

letter re: HST

To the Editor.

The sky is not falling, and for those who are concerned the B.C. government will lose much needed tax revenues as the HST is being phased out, have no fear.

The five per cent GST + the seven per cent PST will produce the same revenues as the 12 per cent HST simply by applying the GST and the PST to the same items we pay the harmonized tax on today.

There is also no urgency developing a new tax system. We don’t have a serious revenue problem – we have a huge spending problem.

The BC Liberal government has been taxing and spending the province into a deep dark hole.

The Clark government should immediately put a moratorium on increases and new spending.

It should then reclaim control of all crown corporations where literally billions of dollars are being wasted.

Civil servants pensions, bonuses, severance and retirement packages must be brought back into line with the real world.

Use and abuse of overtime must be brought under control.

Harmonizing means centralizing, and the reason why the Federal government offered the province 1.5 billion dollars to sign onto the HST was because it would give the feds control of the tax.

For the Liberal government it was cool one and a half billion dollars cash, without having to go to the B.C. tax payers.

The tax system we had was fine except that the PST was applied at the end of the production line, representing an unnecessary cost and inconvenience to businesses.

By separating the two taxes the Province will now be able to pick and choose the goods and services that will be subject to the PST and it should continue to collect both taxes at the final point of sale.

Andy Thomsen, Summerland

 

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

Just Posted

Rain in Sunday forecast for Okanagan-Shuswap

Environment Canada calling for 15-20 millimetres in regions

Arena served Summerland for 26 years

Warm winters meant short ice seasons in early 1950s

Keremeos winery co-owned by Dr. Bonnie Henry

B.C.’s provincial health officer is part of the original ownership group of Clos du Soleil in Keremeos

Severe thunderstorm watch in effect for Okanagan, Shuswap

Environment Canada is forecasting strong wind gusts, large hail and heavy downpours in parts of the Interior

WorkSafe BC conducted 70 inspections in the Okanagan amid B.C.’s reopening plan

WorkSafe BC has conducted 100 inspections at restaurants across the province since May 19

Kelowna councillor creates campaign to help small businesses, charity

Made In YLW aims to support local businesses affected by COVID-19

Love flourishes at Peace Arch Park, but COVID-19 concerns loom

South Surrey park becomes only place for international couples to meet

UPDATE: B.C.’s Central Kootenay issues evacuation orders for hundreds of residents due to flooding

An evacuation alert covers all areas except the Cities of Castelgar and Nelson

PHOTOS: Thousands gather at Vancouver Art Gallery to protest racism

Rally is in response to the deaths of black Americans and a Toronto woman

Morning Start: How long did the Rodney King riots of 1992 last?

Your morning start for Monday, June 1, 2020

Number of students returning is a wild card as B.C. schools reopen Monday

A common model will see other teachers work four days a week in class then the fifth remotely,

Toronto Raptors’ Ujiri says conversations about racism can no longer be avoided

Thousands have protested Floyd’s death and repeated police killings of black men across the United States

Most Read