B.C. should extend its deferral of sales taxes collected by struggling businesses to the end of 2020, and cut the seven-per-cent tax rate in half as a first step to converting it to a value added tax.
That91裸聊视频檚 among the measures recommended by the Business Council of B.C. in their COVID-19 recovery plan. Another is to add new daycare capacity to give parents the ability to return to work and keep private sector employers going.
Business Council CEO Greg D91裸聊视频橝vignon said reforming local government is a vital step in getting the private sector economy back to full speed. And the problem gets worse in big metropolitan areas with a patchwork of municipalities.
91裸聊视频淚t can take as long as six years to get building permits done, which is longer than the Second World War before you can even start building,91裸聊视频� D91裸聊视频橝vignon said in an interview with Black Press Media.
91裸聊视频淪peeding up decision-making varies by municipality, but it91裸聊视频檚 been well-known that B.C. has one of the most laissez-faire approaches to municipal governance of anywhere in the country. It manifests itself particularly as centres become more urbanized, whether it91裸聊视频檚 in the Okanagan, on the Island and obviously the Lower Mainland from Chilliwack through to Pemberton.91裸聊视频�
The , called Stronger Tomorrow, Starting Today, makes 24 recommendations, with increasing child care options high among them.
91裸聊视频淭here is plenty of vacant retail and office space in cities and towns that can be repurposed to increase capacity for child care,91裸聊视频� the Business Council says in the report, released July 29. 91裸聊视频淭his could be coupled with a rapid re-skilling initiative led by the province and post-secondary education institutions to launch programs to train more child care providers who can support B.C. families and children in the COVID period and beyond.91裸聊视频�
Premier John Horgan91裸聊视频檚 minority NDP government has made child care a priority for three years, and the opposition has repeatedly accused it of creating more announcements than actual spaces. The latest announcement on July 22 was that 16,800 new spaces have been funded in the past two years, with extra training spaces to deal with chronic staff shortages.
Keeping daycare facilities going during the pandemic has been helped by temporary emergency funding. MLA Katrina Chen, minister of state for child care, says the funding has reached 4,500 facilities around the province with 85 per cent of them operating.
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Finance Minister Carole James has reserved a $1.5 billion financial recovery fund from the $5 billion borrowed in spring to provide pandemic relief. After a consultation period, deployment is expected in September.
The Business Council report calls for a broader value-added tax to replace the PST.
91裸聊视频淲e are not proposing a return to the federal-B.C. harmonized sales tax that voters narrowly rejected in the 2012 referendum,91裸聊视频� the report states. Details would be up to government and the public, but the proposal is to broaden the sales tax base and lower the rate, with a low-income credit similar to the federal Goods and Services Tax.
Tax reform is part of the Business Council91裸聊视频檚 strategy for reviving private sector investment, in the traditional forest and resource industries as well as technology. The report renews the council91裸聊视频檚 call for reducing top personal income tax brackets, which have risen both federally and provincially to more than 50 per cent of income combined.
91裸聊视频淭he first thing we91裸聊视频檙e saying to the NDP is don91裸聊视频檛 raise those further,91裸聊视频� said Jock Finlayson, the Business Council91裸聊视频檚 chief policy officer, adding that high personal taxes deter investors and entrepreneurs without raising much revenue for the government.
B.C.91裸聊视频檚 carbon tax is also targeted for reform, recommending it follow the federal carbon tax that allows protection for exporting industries.
91裸聊视频淭oday, B.C. natural resource companies, agricultural producers, manufacturers and transportation companies are paying hundreds of millions of dollars in carbon taxes every year, while competitors elsewhere do not face the same tax burden,91裸聊视频� the report says. 91裸聊视频淏.C.91裸聊视频檚 current approach to carbon pricing is undermining the commercial viability of some of the province91裸聊视频檚 leading export industries and threatens to accelerate 91裸聊视频榗arbon leakage91裸聊视频� as industrial production in the natural resource and manufacturing sectors migrates out of B.C. to jurisdictions with no or less burdensome carbon pricing schemes.91裸聊视频�
tfletcher@blackpress.ca
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