The Resource Income trust conversions - estimated federal and provincial revenue effects

Income trust conversions - estimated federal and provincial revenue effects

Label
Income trust conversions - estimated federal and provincial revenue effects
Title
Income trust conversions - estimated federal and provincial revenue effects
Creator
Subject
Language
  • eng
  • eng
Summary
This article provides a new estimate of the tax revenue costs associated with conversions of income trusts, including the recently proposed Telus and Bell Canada Enterprises conversions, using a consistent approach to convert all tax changes into annualized amounts. Trust conversions are estimated to reduce annual corporate taxes by $2.8 billion, offset by annualized increases in personal and withholding taxes equal to $1.7 billion, for a net annual loss of $1.1 billion. While the revenue loss is not large relative to total annual government revenues, the tax cut is significant, raising a deeper question as to whether it would be better to implement a more efficient growth-promoting tax policy
Citation source
In: Canadian tax journal = Revue fiscale canadienne. - Toronto. - Vol. 54 (2006),
http://library.link/vocab/creatorName
Mintz, J.M
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • trust
  • corporate income tax
  • tax policy
Label
Income trust conversions - estimated federal and provincial revenue effects
Instantiates
Publication
Note
20070207
Label
Income trust conversions - estimated federal and provincial revenue effects
Publication
Note
20070207

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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