Taxes

A BC framework for LNG, part two: the LNG income tax

Oct 21, 2014
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Well, we saw this coming but it’s still sobering to see it in black and white. The BC government’s decision to cut its proposed LNG Income Tax in half (from 7% to 3.5%) is simply a cave in to industry. It’s massive giveaway of a public resource to global corporations by a desperate government who put… View Article

Why teachers are still striking

Sep 12, 2014
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Speech to the Langley Teachers Association’s Public Forum on Education Delivered July 16, 2014. Check against delivery. I have a slightly different take because I don’t come from the labour movement or from the education sector – I come as an economist, so I’m going to talk a little bit about numbers. But before I… View Article

BC’s Awkward Surplus

Sep 11, 2014
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On Tuesday, the Ministry of Finance reported results from the first quarter of 2014/15. While the news release stated “B.C.’s budget remains balanced in spite of extra costs,” there is a projected surplus of $266 million for the current fiscal year. In reality it will likely be much higher, due to the usual practice of using conservative planning… View Article

How have taxes changed over the last half century

Aug 12, 2014
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The Fraser Institute’s annual Consumer Tax Index report generated some media buzz with its outlandish claims about just how much taxes have risen since 1961. Before you get worked up about this, consider that 1961 was over half a century ago, before the time of universal health care that we all benefit from, before the… View Article

Don’t believe the (LNG) hype

Apr 30, 2014
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Today we released a new report, Path to Prosperity? A Closer Look at British Columbia’s Natural Gas Royalties and Proposed LNG Income Tax, about liquefied natural gas (LNG ) development in BC, and the public revenues that might be expected. So far, LNG has lacked a real public debate. On one side, we have the… View Article

What you need to know about BC Budget 2014

Feb 18, 2014
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Today’s 2014 BC budget contained very little news, as expected. Despite a significantly weaker economic picture for BC than what was projected in the June 2013 Budget Update, there are no new measures to help British Columbian families struggling with economic insecurity in the weak job market. Five years after the recession officially ended, BC… View Article

Does Premier Clark, the great petro pretender, have a Plan B?

Jun 24, 2013
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In January, one of the world’s most sophisticated deep-sea drilling vessels, the $540-million Chikyu, left the Japanese Port of Shimizu destined for a distant point in the Phillippine Sea. The voyage marked a milestone in what by then was an 18-year, $700-million research and development effort aimed at one day weaning Japan off of its… View Article

CFIB spokesperson blames downloading for muni cost increases

May 31, 2013
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The Canadian Federation of Independent Business (CFIB) published a report this week talking about the alarming rate of increase in municipal spending and blaming it all on overpaid public employees. It turns out their numbers are suspect but there are other problems that raise questions about whether this is just about a political agenda. BC’s… View Article