Halve PST to help with economic recovery, says B.C. Business Council
Greg D’Avignon, president of the business council, said it asked businesses, post-secondary institutions, First Nations representatives and a wide cross-section of economic leaders to come up with ideas that would strengthen job creation and economic growth in the short and medium term.
D’Avignon said the business sector has a good relationship with the NDP government and is pleased with the province’s public health response to COVID-19. The report is intended to give government bold ideas to consider as it seeks to recover the seven to eight per cent drop in gross domestic product this year and tackle an unemployment rate of more than 13 per cent, he said.
The council’s report called for government to use the two year PST cut period to investigate a new value-added tax system — not a return to the much-maligned harmonized sales tax, but a made-in-B.C. consumption tax that more broadly captures things like modern digital purchases, while providing B.C.-controlled exemptions for low-income earners.Article content continued
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Body of missing Lethbridge man found in B.C.The search has ended for a 33-year-old Lethbridge man previously reported missing in B.C.
Read more »
B.C. police watchdog investigating after two men found dead in the Okanagan ValleyB.C. police watchdog investigating two men found dead in Okanagan
Read more »
Pilot reported equipment failure before fatal crash in B.C., investigation findsThe twin-engine Piper Aerostar went down on Dec. 10, 2019, at the end of a two-day journey from Cabo San Lucas, Mexico, to Nanaimo, B.C.
Read more »
Arrests made in Toronto gang-related shootings that killed, injured bystandersChief Mark Saunders says officers arrested two suspects who had been the subject of Canada-wide search warrants for at least the past two years
Read more »
Woman dead, another injured in small plane crash at abandoned B.C. air stripThe RCMP say a person died in a small plane crash at an abandoned air strip in Mission, B.C.
Read more »