Fraser Institute Report: HST Myths and Realities Uncovered
HST fears unfounded; new study clarifies myths about BC’s harmonized sales tax and explains problems with the PST it replaces.
Release Date: June 29, 2010
VANCOUVER, BC—A new report from the Fraser Institute, Canada’s leading public policy think-tank, catalogues and debunks the many myths being spread by opponents of BC’s impending harmonized sales tax (HST).
The report, Countering the Myths Surrounding BC’s Harmonized Sales Tax, also examines the current provincial sales tax (PST) and the negative impacts it has on the provincial economy, and explains why the HST is a less damaging tax.
“If we want government to provide the services we demand, we have to accept a certain level of taxation. Ideally, a government will implement less costly taxes that do minimal damage to the economy. In that sense, the HST is a much better alternative to the current PST,” said Niels Veldhuis, Fraser Institute senior economist and co-author of the report.
