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Finance committee Believe it or not, I'm not trying to get involved in a partisan debate.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee I'm saying what the research is saying.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee I'll answer your question. In the OECD studies, and they have some great graphs showing this, the average level of taxation has declined in every country in the OECD for the past 20 to 30 years. This is a long-term trend. It's just going down. Where will it bottom out? Nobody kn
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee It can be done. If Parliament votes, that's what will happen. I'm saying that it's misleading, because all they are, are disguised taxes on individuals. That's all I'm saying. They are passed on to consumers indirectly.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee I'll be very quick. I agree with everything Glen just said. In March 2010, Governor Carney gave a speech on productivity. It was an excellent speech. I have it on my laptop, of course. He identified the same things Glen did: underinvestment in machinery and equipment and ICT, whi
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee Again, I agree completely with Glen. I wouldn't prioritize it. For me, protection is the number one issue facing our country. We've got to get more competition in to force our managers to compete.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee Mr. Szabo, I don't know if you remember my comment in my presentation. I said there are 5%, per OECD; it's about 250,000 families, and I'm not suggesting they should not be targeted.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee That's actually a paraphrase of a comment from the woman at the Federal Reserve. I was actually paraphrasing her, and it's a pretty close paraphrase. I don't remember her exact words, but essentially she concluded that in small, open economies it is a tax that falls on workers.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee Yes, I understood it very well. The OECD has actually modelled this, and again, it depends. I'm sorry for putting all these caveats on it, but it depends on the economy you're studying--how big, how small, and so forth. I'm now saying this very tentatively, but I think the eviden
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee Thank you. I should disclose, in full disclosure, that I'm in the middle of writing an op-ed right now--although I'm not sure who is going to publish it, but I hope the Globe or the National Post will--on this very issue, wherein I lay out the evidence from the scholarship, from
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee It's going to raise prices or cause wages to go down--
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee --according to the research, not according to me. I want to respond to Mr. Mulcair, if you'll give me one moment.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee He said that I was saying the research is legitimate because they're in the public sector. If I inferred that to you, I want to correct that. The research is legitimate because it's peer reviewed. Somebody like Glen Hodgson, who's not in the university, can publish--and has--thro
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee The scholarship shows that indirectly.
February 15th, 2011Committee meeting
Prof. Ian Lee
Finance committee I'm sorry. You threw me off with that last.... What was your question again? Just the summary question.
February 15th, 2011Committee meeting
Prof. Ian Lee