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Business Approval For Canadian Tax Cuts High, Poll Suggests

by Philip Morton, Investors Offshore.com

20 November 2007


Canadian Finance Minister Jim Flaherty has won support from the business community for the decision to cut taxes in his economic statement, according to a recent survey by the COMPAS business panel.

According to the survey, the government has ranked higher than its Liberal predecessor, with scores of over 75% in nearly every area tested.

The poll of CEOs praised the Finance Minister's decision to cut small business tax, with the approval among those polled for the recent economic statement ranking at 95%.

Debt reduction and increasing personal exemptions were also areas where strong support for the government was expressed by business heads taking part in the survey.

However, some concerns were expressed. In particular, desire was expressed for more infrastructure spending and debt repayment. Some concern was volunteered about the fate of manufacturing, the need for tax simplification, and other matters.

The CEOs questioned also highlighted the need for improvement where GST is concerned, with one classing it as a "poor policy", according to a Canadian Business report.


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