Marty Morantz at the Finance Committee

On June 18th, 2020. See this statement in context.

June 18th, 2020 / 4:25 p.m.

Conservative

Marty Morantz Conservative Charleswood—St. James—Assiniboia—Headingley, MB

I'm wondering whether you have a sense of what the tax base post-COVID might look like.

Businesses have carryback and carry-forward loss provisions. With the extraordinary losses being suffered, the corporate tax base could be seriously eroded. You could have companies in 2029 not paying taxes because of their losses in 2019 or 2020.

Are you concerned about that? If there is an erosion of the corporate tax base, what does that mean for the rest of the taxpayers in the country?

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