B.C. HST Referendum Fall-Out is Like Changing A Home Renovation Project
I have been asked whether the change back to the old provincial sales tax (called social services tax) in British Columbia will be costly. My answer has been: What B.C. is going through is like a significant home renovation project. The owners of the house (the B.C. government) undertook a major renovation and after it was done, were told by the building inspectors (the people) to put it back the way it was originally. This change costs money and will affect the owners of the house and the goods and services providers (the businesses).
Who is to blame? The home owners (B.C. government) because they did not seek permission to undertake the renovation. Instead they begged for foregiveness after the fact and foregiveness was not forthcoming.
Cyndee Todgham Cherniak is counsel to and in affiliation with the International Trade Law and the Tax Law (Commodity Tax