Last year I asked a friend who runs a small business what effect the HST had on his company. He gleefully told me that it increased his bottom line by about $5,000.
When I asked if he planned to pass some of these savings on to his customers, he looked at me like I was deranged. No, he planned to keep the profit for himself.
The recent Dinning report (independent panel on the HST) assumes that B次元官网网址�90 per cent of businessB次元官网网址� HST rebates are passed on to the consumer.B次元官网网址� This appears to be wishful thinking.
They also state B次元官网网址�17 per cent of your spending has an extra seven per cent sales tax.B次元官网网址� whereas the other 83 per cent is unchanged. How is this good?
IB次元官网网址檒l be voting to get rid of the HST.
Roel Hurkens
Victoria
