Tag: Economics Posts

Bend Over, Harmonized Sales Tax Coming

Written on July 23rd, 2009

British Columbia just announced that they are going to be switching to a harmonized sales tax model in July of next year. Basically, instead of having a provincial sales tax (PST) of 7%, and a goods and services tax (GST) of 5%, they are going to have one combined tax, a harmonized sales tax (HST) of 12%. I’m no economist, but that seems like a pretty bad idea. Here’s a quote from the official release: This is the single biggest thing we can do to improve B.C.’s economy,” said Premier Gordon Campbell. “This is an essential step to make our […]