Neil Cole

Gradstudents Respond to NB Flat Tax Scheme

In June 2008, New Brunswick’s Department of Finance released a paper entitled ‘A Discussion Paper on New Brunswick’s Tax System’. The report recommends implementation of a flat-tax system, a dramatic decrease in corporate tax rates, and increases in consumption taxes. Unfortunately, the discussion paper paints an overly flattering picture of its proposed changes and ignores the negative consequences of a flat-tax system.