March 28, 2024

Tax debate: roll back versus increase

B.C.’s Environment Minister says the Opposition’s carbon and corporate tax plan would lead the province down an old, bad road.

Terry Lake takes issue with the NDP saying it would “roll back” corporate taxes if elected. 

He says they should call it what it would be: an increase, like B.C. saw in the 90s, with dire consequences.

“People left British Columbia — industries left British Columbia. If you increase corporate taxes, it’s a very competitive world.  People, jobs, investment will flee British Columbia,” he says. “It’s just Economics 101.”

NDP Leader Adrian Dix has re-affirmed he would use carbon tax dollars for services like transit if elected and “roll back” corporate tax to 2008 levels to make up the difference.

CKNW Vancouver News

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