Monday, June 7, 2010

Harper says No to Bank Tax, Yes to HST

“…the federal government is aiding and abetting the provinces. It plans to pay B.C. and Ontario almost $6 billion to ease the transition to the HST” (CBC News, October 7, 2009).

The Harmonized Sales Tax, or Hammer the Serfs Tax (HST), will be coming into force July 1st 2010, and our tax dollars, from the Harper Tories, will be paying the Liberal governments of BC and Ontario to impose it upon us. Now we know the meaning of that old saying, “Liberal, Tory, same old story.”

This is the same Mr. Harper who is on record as saying this: “I don’t believe any taxes are good taxes.” [1]

Oh really Mr. Harper? Then why is your government handing over “almost $6 billion” of the peoples’ tax dollars to provincial Liberal governments to bring in the HST?

And the Globe and Mail quoted Mr. Harper as saying this:.

“We believe there is no justification for levies on banks and financial institutions,” [2]

Many of these banks and financial institutions have subsidiaries in offshore tax havens. A CBC news story of May 31, 2010, said this:

“CBC News and the Globe and Mail newspaper reported last fall that the CRA probed Royal Bank of Canada Dominion Securities (RBCDS) for information on 15 Canadians, all with alleged links to Liechtenstein. The CRA said that probe ended up confirming the agency’s suspicions.” [3]

And an article in the Guardian newspaper of 13th December 2009 had these headlines:
“Drug money saved banks in global crisis, claims UN advisor”

“Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutions” [4]

Mr. Harper does not want a tax on banks or financial institutions. Surely these banks and financial institutions in offshore tax havens should not only be taxed but investigated as well if they are engaged in nefarious activities?

Still, the big activity in Canada will be July 1st Canada Day, and the imposition of the Hammer the Serfs Tax (HST]. This HST will tax just about everything that moves and does not move. It is a politician's dream and the people's nightmare. It’s too bad Mr. Harper is not as good as fighting for the people of Canada as he is for the big banks. He says No to a Bank tax but says Yes to the HST.

Stephen J. Gray

June 7, 2010