Thursday May 23, 2013


subscription options


Print Edition»

  • Includes free
    digital edition
  • Digital Edition»

  • Print format with
    enhanced features!
  • QUESTION OF THE WEEK

    Survey results are meant for general information only, and are not based on recognised statistical methods.





    Solution to HST issue is very, very simple

    Join the debate — click here to submit your letter to the editor.

    Just to clarify my point, the HST in principal is a brilliant idea. Any time you can streamline the tax collecting and remitting process for a business of any size, dollars and time will be saved. But that is only one small aspect of the HST, the one that Liberals and many uninformed voters are focusing on.

    That, you see, is the harmonizing part... but what about the 20 per cent of goods and services that were never subjected to the PST? That is a seven per cent tax grab for an amazing amount of goods and services that were previously only charged just five per cent. So really this is the Harmonized Added Tax Event, or HATE.

    For all of those businesses that have now "flipped" flip away, you likely didn't have to increase your prices by seven per cent, and you most certainly enjoy the new streamlined tax remittance process.

    So really, as I have said so many times before, the solution is very, very simple. Keep the HST, allow all of these businesses large and small to continue to save time and money by harmonizing their tax remittance.

    But get rid of the additional seven per cent of tax on that 20 per cent of goods and services and allow all of the effected business' to lower their prices by that seven per cent and go back to collecting just the five per cent of GST that we always had.

    Why, I ask, why one single Liberal Party member hasn't explained to the electorate that this is not a viable solution... because it is, that's why. Who knows, should you consider this option you might even be able to salvage what is left of your political careers.

    But, of course, there is no tax revenue for the province under that plan and, better yet, it makes sense, that's why it will never happen.

    BRENT ARASON

    Casey's Caffeine

    Kamloops


    Join the debate — click here to submit your letter to the editor.

    Comments


    NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

    The Kamloops Daily News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

    blog comments powered by Disqus



    Advertising | About Us | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2013 Glacier Community Media | User Agreement & Privacy Policy

    LOG IN



    Lost your password?