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Robbie wrote:See who else is upset with the HST. Our former premier, Bill Vander Zalm.
http://www.theprovince.com/news/gets+pr ... story.html
Despite all the controversy about him when he sold Fantasy Gardens, at least he kept the BC PST to a minimal 6% during his reign.
Sir Purrcival wrote:Yes, this will result in some of these items going back to non-taxed status but it is going to come at a big cost.
1. We are gong to have to pay back the incentive money we received for signing up $1.6 Billion I believe. That is extra debt and that has an associated price.
2. We are going to have to pony up for civil servants and infrastructure to collect the tax again. We know how cheap that is likely to be.
3. Businesses are going to have to revamp their POS systems again which will be expensive and inconvenient.
4. Businesses also get to go back to the hodge podge of exempt/not exempt stuff especially grocers and IT technicians such as myself who had to collect the tax for some items and not others.
5. We also get to deal with two tax bureaucracies once again. Oh what fun that can be.
As a self-employed businessman, I can tell you this isn't a good thing for me. I do my own books, pay the tax man his due and carry on. My work has just increased, got a lot more complicated again and I'm not sure if we are doing this to "punish the Liberals" or "repeal a bad tax". It seemed like every tax expert I heard on the subject seemed to think that it was a better system of taxation than GST/PST. If this was meant as an expression of Liberal dislike, then we are a bunch of tools. If it was really a poorer system of taxation then, that is another matter. I guess we will find out in 18 months time. In the meantime, I wonder how many jobs are going to be put on hold for 18 months while people wait for certain tax exemptions to re-apply.
There is a saying " You can never really go back". I fear that is going to be very true here. We may have the GST/PST system back but there is going to be a lot of longer term spin off here and none of it is going to be good. Perhaps we shouldn't have gone to this system in the first place but we did. Now I am wondering if we have merely compounded our woes by going back.
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