There was an interesting letter to the editor in the Citizen this morning. Some guy claims he is a small business owner in Ontario and he will not be collecting the HST next year. He claims the right of eminent domain -- the government shouldn't have the right to steal his money. What bunk!
If the guy was really a small business owner he would know that he already collects the equivalent to the HST and that the work to do that is higher than what the province is promoting.
As a small business owner his costs will go down because all the sales tax he pays to run the business will be treated as an Input Tax Credit and therefore will be deducted from the tax he collects. With the extra profit he makes with the new system he can reduce his prices.
But as a small business owner he already knows these things. So why is he being so dense?
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