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the winnipeg sandbox » winnipeg sandbox.. » local... » city budget removes some Business tax

city budget removes some Business tax

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rosencrentz
Deank
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1city budget removes some Business tax Empty city budget removes some Business tax Tue Feb 24, 2009 5:08 pm

Deank

Deank
contributor eminence
contributor eminence

http://www.winnipeg.ca/cao/media/news/nr_2009/nr_20090224.stm#2
Committed to providing a competitive environment in uncertain economic times, Mayor Sam Katz today joined Winnipeg Chamber of Commerce President and CEO Dave Angus and business owner Rob Clement, to highlight plans in this years 2009 Operating budget to remove the business tax for the city’s smallest businesses.

read more on Winnipeg.ca

rosencrentz

rosencrentz
uber-contributor
uber-contributor

Very smart move to help out the smallest businss' that rent space for about $1000 per month. Those tiny business' need whatever help that the city can afford to grow. If every one of those stores were to hire one more person, that would be huge.
Yea, Mayor Sam!

http://www.elansofas.com

Freeman

Freeman
uber-contributor
uber-contributor

The business tax is a truly regressive tax. Its about time someone got around to getting rid of it. Good start.

4city budget removes some Business tax Empty Re: city budget removes some Business tax Wed Feb 25, 2009 10:32 am

Triniman

Triniman
general-contributor
general-contributor

The tax burden should be shifted 100% to individuals. Businesses should pay no tax whatsoever. Individuals should not be taxed on salaries or profits but only on consumption, ie. shopping.

5city budget removes some Business tax Empty Re: city budget removes some Business tax Wed Feb 25, 2009 10:52 am

Freeman

Freeman
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uber-contributor

Triniman wrote:The tax burden should be shifted 100% to individuals. Businesses should pay no tax whatsoever. Individuals should not be taxed on salaries or profits but only on consumption, ie. shopping.

Well, can't say that I'd go that far. Business should pay their fair share of property taxes (through rent if applicable) consumption taxes, licensing fees if appropriate (health inspections for restaurants), but the business tax is just a tax for the mere pleasure of putting yourself and your capital at risk and employing other people who in turn pay taxes.

6city budget removes some Business tax Empty Re: city budget removes some Business tax Wed Feb 25, 2009 11:42 am

Deank

Deank
contributor eminence
contributor eminence

Triniman wrote:The tax burden should be shifted 100% to individuals. Businesses should pay no tax whatsoever. Individuals should not be taxed on salaries or profits but only on consumption, ie. shopping.
doing this would have a consumption tax of what... 35%?

7city budget removes some Business tax Empty Re: city budget removes some Business tax Wed Feb 25, 2009 11:44 am

Deank

Deank
contributor eminence
contributor eminence

what would the incentive for visitors to come to Canada be at that point? Would they not have to pay the consumption tax?

rosencrentz

rosencrentz
uber-contributor
uber-contributor

Clinton made $10,000,000 in 2006 on speaches.
At the aboriginal special price of $345 per 1500 seats=$517,000.
I would think Bush would get $250,000 U.S. minimun which is $300,000 Canadain, plus expenses, which would be considerable, as he will have an entourage of security, plus 1 person to help him spell the big words.
Some one in Australia is charging $1000 per ticket to hear him.

http://www.elansofas.com

Triniman

Triniman
general-contributor
general-contributor

Deank wrote:what would the incentive for visitors to come to Canada be at that point? Would they not have to pay the consumption tax?
There's no income tax in the Cayman Islands and people have a high standard of living, even though goods and services cost more. Not sure how visitors could be exempted...

10city budget removes some Business tax Empty Re: city budget removes some Business tax Wed Feb 25, 2009 2:35 pm

AGEsAces

AGEsAces
moderator
moderator

rosencrentz wrote:Clinton made $10,000,000 in 2006 on speaches.
At the aboriginal special price of $345 per 1500 seats=$517,000.
I would think Bush would get $250,000 U.S. minimun which is $300,000 Canadain, plus expenses, which would be considerable, as he will have an entourage of security, plus 1 person to help him spell the big words.
Some one in Australia is charging $1000 per ticket to hear him.
off topic

http://www.photage.ca

11city budget removes some Business tax Empty Re: city budget removes some Business tax Thu Dec 02, 2010 10:50 am

AGEsAces

AGEsAces
moderator
moderator

apparently the province? (maybe just city) has removed the small business tax completely now.

i was listening to the report on the news last night...and then the STUPID desk reporter asks the field one "so, how do they expect to recoup the $9M shortfall from removing that tax?"

I went off on that quick...it's as stupid as the water issue discussed before.

The POINT of removing a stupid tax like a business tax, is to encourage NEW business to form and taxes from those new businesses (sales, income, etc.) and the increased employment opportunities will EVENTUALLY offset the loss.

You would think governments that have been around for more than 100 years would stop thinking short-term (like to the next election), and start thinking long-term for the betterment of society in general!!!

http://www.photage.ca

12city budget removes some Business tax Empty Re: city budget removes some Business tax Thu Dec 02, 2010 10:55 am

grumpy old man

grumpy old man
administrator
administrator

The tax reduction is a good thing. Now let's target the job-restricting payroll tax.

CKY News reported the baker was going to realize $10k in savings. Global News did the same originally but added a disclaimer saying the baker admitted he was actually only going to realize $3k in savings. Somehow the savings were significantly reduced from the original announcement.

13city budget removes some Business tax Empty Re: city budget removes some Business tax Thu Dec 02, 2010 3:10 pm

grumpy old man

grumpy old man
administrator
administrator

Another good blog spot by St Norberter: http://bgilchrist.wordpress.com/2010/12/02/the-numbers-behind-the-small-business-tax-cut/?blogsub=confirming#subscribe-blog

Kudos for breaking this down to more easily understood numbers. I think governments want people’s eyes to glaze over when announcing such things. This helps to bring perspective to matters.Well done.

14city budget removes some Business tax Empty Re: city budget removes some Business tax Thu Dec 02, 2010 7:41 pm

rosencrentz

rosencrentz
uber-contributor
uber-contributor

I buy a lot of cupcakes from that guy! lol
The cupcake baker doesnt know anything about tax savings , because at 1% tax rate on $3000 , I think that his profit of $300,000 is pretty doughy!

http://www.elansofas.com

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