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Tax commission presents report to Finance Minister

The Commission on Tax Competitiveness in BC has handed its report in to the Ministry of Finance.

The Commission was established by the province to get advice on how to modernize business taxes to drive competitiveness and economic growth, and create jobs.

The commission provided a number of recommendations but there was a particular focus on addressing the negative impacts of the PST businesses pay on machinery and equipment, electricity, software and telecommunications services.

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Finance Minister Mike De Jong says the finding was not a surprise.

De Jong says business should not expect any major movement in the near future but government will be having some conversations as a result of the report.

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