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New York Times Exposes BC Liberal Corruption

Discussion in 'General Discussion' started by harryfrombc, May 3, 2017.

  1. harryfrombc

    harryfrombc New Member

    https://www.nytimes.com/2017/05/02/...ation-an-opaque-array-of-tax-breaks.html?_r=1

    "Participating companies have created few jobs, according to government figures, while more than 140 million Canadian dollars ($106 million) have been doled out in tax refunds since 2008, when the initiative was expanded."

    “The government is selling B.C. as a tax haven for the global elite to park investment here, but not have to contribute.”

    "At one point, the tax breaks were projected to create more than 13,000 jobs in British Columbia. According to ministry figures, though, fewer than 300 have been created as a result of the program, and possibly as few as 122."

    "Experts say that with few public details, it is hard to tell whether the plan is worth the lost tax revenue. They also say the lack of disclosure prevents the public from knowing if companies are using the province as a pit stop on a global quest to avoid taxation."
     
  2. the mechanic

    the mechanic Active Member

    ... most people won't lose any sleep over the government losing tax revenue for themselves ...
     
  3. Stuntman

    Stuntman Full Member

    They'll have to make up for the loss by increasing taxes for other people.
     

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