Friday, 19 February 2010

Canada says no way to Global Bank Tax

There are some days when you really love your country!

Wall Street Journal:
The anti-global tax stance of the Canadian government would carry significant weight, as Canadian Prime Minister Stephen Harper will co-chair of the G-20 summit in June. Even champions of a bank tax agree that the tax would need to be applied globally if they aren't to hobble their own banks with a competitive disadvantage. They also acknowledge the challenge of charging a levy that isn't victim to widespread avoidance and doesn't distort capital and credit flows is a big one.

Fellow Canadians: Please write your MP, or Minister of Finance Jim Flaherty (flaherty.j@parl.gc.ca) and express your support.