A group of 60 Canadian banks has told a Senate committee they were shocked to learn the federal government’s omnibus budget bill includes a clause allowing a retroactive GST audit on credit card issuers going back 30 years. “Retroactively taxing past transactions, especially in the face of court rulings to the contrary, erodes investor confidence…
Bankers ‘Shocked’ by Federal Budget Bill Clause That Allows 30-Year Retroactive GST Audit
Australian Treasurer Says No to GST Increase
Australian Treasurer Jim Chalmers has turned down the idea of hiking GST (goods and services tax) across the country, despite recommendations from the International Monetary Fund (IMF) to do so. Chalmers, who is visiting the United States to meet with global financial leaders, said making changes to the GST was not a priority for the…
How Will the Government Fix the Ever Ballooning Budget?
Commentary Sometimes there are signposts to what a government may be planning to do, and when it comes to the budget in Australia, the Grattan Institute is one. Its latest pointer is called “Back in Black” and is a submission on this May’s Federal Budget. As a centre-left think tank, sponsored by the Australian and…
Inflation Relief Measures Should Be Well Targeted and Temporary, Says Macklem
Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada governor Tiff Macklem. At a House of Commons committee meeting Wednesday, Conservative MP Adam Chambers asked the governor which of two options is a better way to deliver relief without fuelling inflation: direct transfers to low-income Canadians or energy relief packages. In…
Canadians Begin to Receive Temporary Boost to GST Rebate Today
Canadians who are eligible for the GST rebate can expect to receive an additional lump-sum payment as early as today. A bill introduced by the Liberal government to temporarily double the rebate became law last month with unanimous support from opposition parties. The NDP has long advocated for the measure to help low- and modest-income…
MPs Unanimously Vote to Temporarily Double GST Rebate for Lower-Income Canadians
MPs unanimously passed legislation today to temporarily double GST rebates to help low- and modest-income Canadians, and the bill will now be sent to the Senate. The federal government has been facing political pressure for months to deliver relief to Canadians who are dealing with rising inflation. Once the bill becomes law, people who are…
Liberals to Hike GST Rebates, Help With Rent Payments in New Affordability Plan
The federal government intends to temporarily hike GST rebate cheques in a bid to ease some of the hurt of inflation for lower income Canadians. Prime Minister Justin Trudeau will announce a three-pronged plan to address affordability at the Liberal cabinet retreat in Vancouver today. Cabinet ministers are gathering ahead of the fall sitting of…
Victorian Micro-Businesses and Start-Ups Are ‘Falling Through the Cracks’: Council of Small Business
Victorian start-ups and micro-businesses not registered for GST are being excluded from the Victorian government’s support payments amid overwhelming pleas for assistance. According to the Council of Small Business Organisations of Australia, rules around the Business Assistance Package were “inequitable and unfair,” especially with businesses not registered for GST but “suffering proportionately” with other GST-registered…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`