Altering the Tax Mix in Alberta
Stepping off the resource royalty roller-coaster and adopting a more equitable and efficient tax system has an important role to play in addressing Alberta’s fiscal problems and promoting prosperity. Such a system would have several components. One would be a reduction in the corporate tax rate from...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Calgary
2019-09-01
|
| Series: | The School of Public Policy Publications |
| Subjects: |
| _version_ | 1818667100947873792 |
|---|---|
| author | Kenneth McKenzie |
| author_facet | Kenneth McKenzie |
| author_sort | Kenneth McKenzie |
| collection | DOAJ |
| description | Stepping off the resource royalty roller-coaster and adopting a more equitable and efficient tax system has an important role to play in addressing Alberta’s fiscal problems and promoting prosperity. Such a system would have several components. One would be a reduction in the corporate tax rate from 12 to eight per cent, which the UCP government has already announced. Another would be to maintain the full provincial carbon tax imposed by the previous
NDP government, but ensure that it is revenue neutral. The progressive rate structure in personal income tax should be also be maintained, with a tax cut for the middle class. Finally, a harmonized provincial sales tax should be adopted. |
| first_indexed | 2024-12-17T06:15:04Z |
| format | Article |
| id | doaj.art-2eba12ee416441deac2a8fff394a63c6 |
| institution | Directory Open Access Journal |
| issn | 2560-8312 2560-8320 |
| language | English |
| last_indexed | 2024-12-17T06:15:04Z |
| publishDate | 2019-09-01 |
| publisher | University of Calgary |
| record_format | Article |
| series | The School of Public Policy Publications |
| spelling | doaj.art-2eba12ee416441deac2a8fff394a63c62022-12-21T22:00:32ZengUniversity of CalgaryThe School of Public Policy Publications2560-83122560-83202019-09-01122514210.11575/sppp.v12i0.68390Altering the Tax Mix in AlbertaKenneth McKenzie0The School of Public Policy Stepping off the resource royalty roller-coaster and adopting a more equitable and efficient tax system has an important role to play in addressing Alberta’s fiscal problems and promoting prosperity. Such a system would have several components. One would be a reduction in the corporate tax rate from 12 to eight per cent, which the UCP government has already announced. Another would be to maintain the full provincial carbon tax imposed by the previous NDP government, but ensure that it is revenue neutral. The progressive rate structure in personal income tax should be also be maintained, with a tax cut for the middle class. Finally, a harmonized provincial sales tax should be adopted.taxestax mixrevenueAlberta |
| spellingShingle | Kenneth McKenzie Altering the Tax Mix in Alberta The School of Public Policy Publications taxes tax mix revenue Alberta |
| title | Altering the Tax Mix in Alberta |
| title_full | Altering the Tax Mix in Alberta |
| title_fullStr | Altering the Tax Mix in Alberta |
| title_full_unstemmed | Altering the Tax Mix in Alberta |
| title_short | Altering the Tax Mix in Alberta |
| title_sort | altering the tax mix in alberta |
| topic | taxes tax mix revenue Alberta |
| work_keys_str_mv | AT kennethmckenzie alteringthetaxmixinalberta |