Flaherty’s two biggest budget blunders: half measures on stock options, no measures on income trusts
Failure on the part of Finance Minister Jim Flaherty to correct his income trust fiasco is the economic equivalent of losing 2.5 million full and part-time jobs.
OTTAWA—Since 2007, I have argued that taxing employee stock options gains at half the rate of income is unfair to taxpayers, and counter to the interests of society, since stock options skew corporate decision-making. Others like Roger Martin, dean of the Rotman School, have drawn similar ...
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