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$100-billion in expenditures that no one notices
Tuesday, January 24th, 2012
Jan. 23, 2012
Tax expenditures serve a public policy purpose without the need of an army of bureaucrats in administration. They can be implemented virtually overnight, and can be easily tweaked. [but]… they are very difficult to take away. Canada is a leader in the use of tax expenditures in the sense that our uptake is more than 50 per cent above the OECD average… In the past five years the value of tax expenditures has risen 2.3 per cent, far less than the increase in the size of government… [however] Tax expenditures represent a major claim on the federal treasury and their economic and social benefits need to be put to the test.
Tags: budget, economy, ideology, standard of living, tax
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