There have been two interesting articles in the past few days in the Globe and Mail about taxes in Canada. The tone of both of these is so completely different from the tone we’ve seen from IRS. I think this is a reflection of the greater respect CRA gives to its taxpayers–although neither article was written by CRA.
One article, written by Barry McKenna, reports Canada placed first among G8 nations for ease of filing income tax and 11th globally, according to to a report released Monday by accounting firm PwC, the World Bank and International Finance Corp.
The next best G8 perfomer is Britain in 18th spot. France was 55th and United States was 69th. Do you think that could have anything to do with 72,000 (or is it 76,000–I’ve lost track) page IRS Tax Code? Brazil was dead last among 183 countries. (Sorry Geez!)
“Canada must compete with other nations for global business investment,” says Lincoln Schreiner, a PwC tax services partner. “A competitive business environment needs an aggressive and efficient tax system which includes competitive tax rates, tax rules that recognize modern business structures and practices, and reduced compliance burdens.”
Here’s a link to the article.
canada tops among g8 for ease of filing business tax
The second article is by two University of Victoria professors about the implications of both tax cheats and about tax overpayers. A disappointment is that it uses IRS stats to determine how many tax cheats there may be in Canada.
Despite that, one of the things I liked about this is, while recognizing there are tax cheats in Canada, it does not label any one group as tax cheats. Especially fascinating is the perspective about people who overpay–something we don’t often hear about. The article says: Just as with tax evasion, tax overpayment threatens the fairness of our tax system by leaving those who lack sufficient knowledge bearing more than their fair share of the tax burden.
Here’s a link to that article: