HST 係唔係冇好處?

sheep

利多於弊？
扼殺中小企?

Lik

My understanding is that it is an extremely beneficial move to the businesses, regardless of whether it is big or small. First, they have to file one less tax claim form. Second, they also collect a bigger tax rebate on their supplies and stuff.

The biggest problem with voting down the HST on referendum is that the province will have to re-pay the federal government for the huge federal subsidy / transfer funds that the province received. The province has already spent a huge chunk of that federal subsidy, so it'd be hard to cough up that money again. Ultimately, that bill will fall back on our shoulders as residents of the province.

Of course, not voting against the HST means we'll have to eat a lot of the extra costs when we shop now. IIRC, some of the provincial politicians have tossed out the idea of reducing the HST percentage by 1%, but I am fairly certain that the federal government has already mentioned that under the agreement with the province, the HST percentage cannot be changed for something like at least 2+ years (I forgot the exact number).

So it is really a bit of a dilemma...

-Lik

peter236

For restaurants, it is bad. Clearly, both western and Chinese restaurants have witnessed declining sales. It is easier to book tables and restaurants are less crowded.

Look4chrisng

HST is supposed to be good for Businesses, and business will be more profitable and pass on the saving to customers.  Saving will be trickle down.

But you have to be in the trickle down will actually happen.

Prelude

HST has good motive but at the bad time, because it hurts spending in a slow economy.
HST is good for big companies, because they will have bigger cash flow before the submit to Government, and that cash flow can do lots of stuff and make money.
HST doesn't do any good for small companies or restaurants, because the collected HST is not big enough to make any investment before submit to Government.

At the current situation, I rather stick with HST now, because
1).  Our lovely campbell spent the federal incentives already, we are too poor to payback.
2).  Our lovely campbell spent millions on marketing the HST, and if we reverse it, then that means all those marketing just went down the drain and no use at all.
3).  People are getting used to it already, and we already took the major hit of low spending at the beginning.  If we reverse it now, then that major hit was taken for nothing.

The point is, to keep the hst or not, still hurts us at the current situation.  But since we suffered half of the disadvantage already, we might as well suffer of the remaining half to gain the benefit of HST in the future.

somewhereintime

Very unique viewpoint,
I tend to agree

Lik

2).  Our lovely campbell spent millions on marketing the HST, and if we reverse it, then that means all those marketing just went down the drain and no use at all.

The point is, to keep the hst or not, still hurts us at the current situation
Prelude 發表於 2011-4-23 21:50

The HST marketing campaign that Campbell did is money that has already been spent. Regardless of whether we keep or scrap the HST, that money is down the drain and gone for good. As such, it should have no longer have any bearing on the consideration to keep or scrap the HST in the upcoming referendum.

The pragmatic thing to do is to vote in the referendum based on whether keeping or rejecting the HST will hurt us more. On this front alone, I'd say the pragmatic approach is to grudgingly keep it. On the other hand, the idealistic approach is that the Campbell government sneaked this one up on us despite their promise to not introduce something like this. As such, we need to vote no to send them a clear message.

Again, neither choice is optimal, but we gotta choose the less rotten one between the two.

-Lik

satil

every1 forgot we r not the first Prov has HST.. it is FAR from Liberal gov.
HST has long term adv.
i support HST.
but.. they inc the tax base!!!!
y not -1%
y not -2%.. make it 10%... easy calculate.. $123.45.. tax $12.345
every1 happy.

rainbow-davie

Actually, I don't mind about HST ONLY if its rate is lower. like 5%.. not 13%.
and I don't like the way the gov't try to pass this law.

sheep

回復 8# satil


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