Canadian Government's review and study of Goods and Services Tax.

Tax Executive - Vol. 46 Nbr. 3, May 1994


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Vol. 46 Nbr. 3, May 1994 | Next

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Summary:

Tax Executives Institute

Revision of Canada's Goods and Services Tax (GST) should focus on modifying the existing tax scheme and not on implementing an entirely new program that would place substantial transition cost burdens on business. The GST is in need of reform due to lack of compliance, adverse public reaction and persistently high compliance costs for small business. The revised GST should be a multi-staged value-added tax, and the scheme should encompass more goods, be harmonized with provincial sales taxes, be visible to the consumer and limit the number of very small businesses forced to register.

Headnotes:

Extract:

Canadian Government's review and study of Goods and Services Tax.

On March 31, 1994, Tax Executives Institute submitted the following comments to the Standing Commi the Canadian House of Commons in connection with its analysis and review of the existing Goods and S During the most recent national election, the Liberal Party's platform called for replacing the GST hearings are a step toward fulfilling that political promise. The comments were prepared under the a Commodity Tax Committee, whose chair is Paul J. de Winter of Imperial Oil Limited. Contributing subs preparation of TEIS comments were Hugh D. Berwick of Alcan Aluminium Limited and Pierre M. Bocti of (Canada) Limited.

Tax Executives Institute is pleased to submit the following comments to the Standing Committee on Finance of the House of Commons in connection with its analysis and review of the Existing Goods and Services Tax (GST) and, further, to make recommendations on proposals to replace, retain, reform, or otherwise improve the administration of, and compliance With, Canada's GST.

I. Background

Tax Executives Institute, Inc. is an international organization of approximately 4,800 professionals who are responsible--in an executive, administrative, or managerial capacity--for the tax affairs of the corporations and other businesses by which they are employed.

Canadians make up approximately 10 percent of TEI's membership, with our Canadian members belonging to chapters in Calgary, Montreal, Toronto, and Va...



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Vol. 46 Nbr. 3, May 1994 | Next

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