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The speaker's point of view on matters of taxation in Canada together with his reasons for adoption of that point of view. The report of the Carter Royal Commission on Taxation. A concern that the breadth of the commissioners' actual investigation was still insufficient to justify the recommendations that they made. The necessity for a further enquiry into the question of what should be done with present tax laws. The commissioner's proposals and the principles on which they are based. Some inconsistencies and departures. Some unrealistic recommendations. The commissioners' conception of economic power. Taking exception with the concept of equity expanded by the commissioners as the basis for their proposed structure. A related defect of equitable taxation. Criticism of the comprehensive tax base with regard to the equation of the situation of wealth exchanged with wealth produced. The integration of corporate and individual tax. The income adjustment account proposal. The inclusion in the tax base of capital gains and losses. Opposition to the taxation of capital gains in any form. Elements of absurdity running through the report. The greatest absurdity that lies in the suggestion that adoption of a broad tax base will result in reduced taxes at the lower level. The requirement for tax reporting. The finding that the present tax structure is inequitable. Why equity is lacking in the Canadian tax structure. A submission of proposals by the speaker. Some remarks on the separatist movement in Quebec, and the challenge to federal domination of Canada.