I've heard it said that this tax of 31.5% is so punitive that the income trusts simply won't remain and that the revenues from this high tax will be zero. Would any of the panellists comment on that?
Liberal
John McCallum Liberal Markham—Unionville, ON
I've heard it said that this tax of 31.5% is so punitive that the income trusts simply won't remain and that the revenues from this high tax will be zero. Would any of the panellists comment on that?
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