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Offshore Financial Industry Blog Financial Industry Offshore Blog Proposed reforms Personal, corporate income taxes may be cut by as much as $500M annually
Offshore Financial Industry Blog Financial Industry Offshore Blog Proposed reforms Personal, corporate income taxes may be cut by as much as $500M annually
Offshore Financial Industry
| Proposed reforms Personal, corporate income taxes may be cut by as much as $500M annually |
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| Written by Admin |
| Saturday, 14 June 2008 18:58 |
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The New Brunswick government is considering a fundamental re-balancing of the tax system tilting towards consumption taxes and relieving citizens and businesses from the burden of hefty income taxes with a flat tax by 2012. Finance Minister Victor Boudreau released the government's discussion document on tax reform on Wednesday that proposes replacing the system of four different tax brackets with a single rate of 10 per cent, which would tie the province with Alberta for the lowest tax rate. Add this page to your favorite Social Bookmarking websites          |