Canada: Great minds think tax cuts
03 March 2014
Posted by: Author: Irish Independent
Author: Irish Independent
It looks like Michael Noonan may not be the only one thinking tax cuts are the way to go.
Canada's Finance Minister Jim Flaherty announced this week that his country will emphasise tax reductions for families ahead of both lowering its debt burden and boosting spending.
Mr Noonan has said the level at which workers hit the higher rate of tax here is too low, and any tax cuts would focus on a potential widening of the band.
And it's all to reduce the burden on hard-pressed voters. Mr Flaherty, it seems, has a similar idea.
Speaking in a Bloomberg interview inMelbourne, where he's attending a meeting of business leaders fromAustralia and Canada, Mr Flaherty, below, said the government's top priority will be to lower taxes once the country moves to a surplus position, starting next year.
"The No 1 priority, because it's in our platform, is reducing taxes on families," Mr Flaherty said.
Great political minds think alike.
This article first appeared on independent.ie.