Bill Morneau's tax reforms challenged by pizza-nomics - News Summed Up

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Bill Morneau's tax reforms challenged by pizza-nomics


How 73 became the big numberThe Conservatives have expended great effort towards branding the number 73 on the government's proposed reforms. "The average small business owner earns about $73,000 a year," Pierre Poilievre, the Conservative finance critic, told the House of Commons last Monday. Under the Liberal proposals, 73 per cent could be the effective tax rate that applies to the interest on money saved within a private corporation. But Goodis counters that it's not that simple for small business owners. Critics have argued, loudly, that small business owners deal with risk and uncertainty that separates them from typical taxpayers.


Source: CBC News September 25, 2017 10:07 UTC



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