Quote:
Originally Posted by Fuzz
While Norway isn't good for a direct comparison, they do some things right, that we should have been doing. And that is putting resource revenue in a separate fund, not general revenue. If we had done that from the start, sure we would probably have a PST, but we wouldn't be in this mess AND would have a large fund to use the interest from to finance other things. We also wouldn't have governments depending on it to balance budgets.
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Sure, sounds nice.
Probably have a PST? Not Norway's 25% VAT?
What about income taxes? 55%? I'm surprised they have anything left to spend on the VAT.
Corporate taxes? 28%-78%
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