Commission calls for accelerated delivery under the Migration Partnership Framework and further actions along the Central Mediterranean Route // Brussels, 2 March 2017

(i) The maximum level of the property tax, and other direct taxes having an incidence exclusively, or virtually exclusively, on the Pipeline, including taxes on gas used as compressor fuel, imposed by the Government of the Yukon Territory or any public authority therein on or for the use of the Pipeline, herein referred to as “the Yukon Property Tax”, will not exceed $30 million Canadian per year adjusted annually from 1983 by the Canadian Gross National Product price deflator as determined by Statistics Canada, hereinafter referred to as the GNP price deflator.

An alternative that Richard Bird and I have suggested in the past, which this California commission has adopted in their recommendations, is to consider what I call a " business value tax" .

What I'm suggesting with my numbers is that in fact the bank, by paying inattention to this so-called tax on the banks and not getting rid of it by expanding the reserve requirements to all financial intermediaries, has effectively protected the banks from what they call a tax at great cost to the Canadian taxpayer.

As well, I believe a number of changes over the last several years have caused the federal income tax to increasingly take the form of what scholars call a personal consumption tax, through increases to the capital gains exemption, reduction in the capital gains inclusion rate, increases in RRSP contribution limits, and now the introduction of tax-free savings plans.

I will read one section of that concerning the area of taxation: ``to establish a tax regime that is seen to be simple, pragmatic, fair, including an overall greater reliance on profit-based taxes as opposed to non-profit-related taxes and charges''.