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ARTICLE · 06 APRIL 1998

Technical Committee Reports On Canadian Business Taxation

CanadaAccounting and Audit

PLEASE NOTE: THIS INFORMATION WAS ORIGINALLY SUBMITTED BY COOPERS & LYBRAND, CANADA

MINTZ REPORT OUT: THE DEBATE BEGINS

The Department of Finance today released the report prepared by the Technical Committee on Business Taxation chaired by University of Toronto economist Jack Mintz. This Committee was established in 1996 to consider ways of improving the tax system to promote job creation and economic growth, simplifying the taxation of businesses to facilitate compliance and administration, and enhancing fairness to ensure that all businesses share the cost of providing government services. The overall thrust is to make the tax system more neutral and also more competitive internationally. Any recommendations by the Committee were to leave overall tax revenues from business unchanged.

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