The GST is a value added tax. And it was an entirely new tax that Muldoon created.
People forget that he wanted the rate to be 9 percent. But public pressure lowered it to 7 percent.
Harper later lowered it to 5 percent.
Maybe the Regime will raise it back to 7 (or 9) to commemorate Muldoon’s death.
Because raising taxes for the Liberal welfare state is one of his great legacies.
The GST is a value added tax. And it was an entirely new tax that Muldoon created.
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Sure... but what the GST replaced was the Manufacturers’ Sales Tax and it was 13.5% and put exports at a huge disadvantage. You don’t think that Canadians are better off with the GST (now called the HST)?
http://www.davidmckie.com/twenty-five-years-later-gst-has-increased-competition-for-manufacturers-but-experts-and-industry-say-more-tax-incentives-needed/