The 2009 Tax Competitiveness Scorecard: An "Eye-popping" Divergence in Approach across Canada: C.D. Howe Institute



    TORONTO, Sept. 3 /CNW/ - The 2009 scorecard of tax competitiveness for
Canada and the provinces, reveals an "eye-popping" divergence in approach to
tax policy among governments, according to respected tax scholars Duanjie Chen
and Jack M. Mintz. In their newly released study, The Path to Prosperity:
Internationally Competitive Rates and a Level Playing Field, authors Chen and
Mintz identify governments following the path to prosperity through
competitive corporate tax relief aimed at achieving a more neutral tax system
versus governments following a murky path characterized by attempts to pick
supposedly "winning" industries, in many cases shoring up low-growth
industries through targeted tax cuts. "Both lower rates and a more neutral tax
system contribute to better growth, as taxes interfere less with business
decisions on how to allocate resources to their best economic use," commented
Dr. Mintz.
    Although Canada, overall, has made progress by reducing the tax bite on
capital investment from 28.9 percent in 2008 to 28.0 percent in 2009, the
authors identify a troubling divergence in approach across governments. They
highlight New Brunswick, Ontario and British Columbia as taking steps on the
path to prosperity. Meanwhile, Prince Edward Island retains the most outdated
structure, with high tax rates on corporate income and retail sales.
    For the study click here. http://www.cdhowe.org/pdf/commentary_295.pdf




For further information:

For further information: Jack M. Mintz, Palmer Chair in Public Policy,
University of Calgary; Finn Poschmann, Vice President of Research, C.D. Howe
Institute, (416) 865-1904


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890