📄 reut2-019.sgm
字号:
31.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6846" NEWID="19010">
<DATE>18-JUN-1987 20:07:05.93</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F RM
f5035reute
f f BC-CANADA-BUDGET-DEFICIT 06-18 0013</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>CANADA BUDGET DEFICIT DECLINE TO SLOW IN LATE 1980S -
OFFICIAL
Reuter
</TITLE>
</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6847" NEWID="19011">
<DATE>18-JUN-1987 20:07:10.18</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V RM E
f5036reute
f f BC-CANADA-UPS-CORPORATE 06-18 0014</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>CANADA LIFTS CORPORATE TAX REVENUES BY FIVE BILLION DLRS
OVER FIVE YEARS - OFFICIAL
</TITLE>
</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6848" NEWID="19012">
<DATE>18-JUN-1987 20:07:45.08</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE><D>wilson</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F RM
f5037reute
f f BC-WILSON-CUTS-PERSONAL 06-18 0011</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>WILSON CUTS PERSONAL TAX RATES, LIMITS CAPITAL GAINS
EXEMPTIONS
Reuter
</TITLE>
</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6849" NEWID="19013">
<DATE>18-JUN-1987 20:08:00.01</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V RM E
f5038reute
f f BC-CANADA-UPS-FINANCIAL 06-18 0015</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>CANADA LIFTS FINANCIAL INSTITUTION AVERAGE TAX RATE TO
21.3 PCT FROM 14.5 PCT - OFFICIAL
</TITLE>
</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6850" NEWID="19014">
<DATE>18-JUN-1987 20:12:23.11</DATE>
<TOPICS></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE><D>wilson</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V E RM
f5040reute
u f BC-WILSON-TO-HIKE-CORPOR 06-18 0085</UNKNOWN>
<TEXT>
<TITLE>CANADA TO INCREASE CORPORATE TAX REVENUES</TITLE>
<DATELINE> OTTAWA, June 18 - </DATELINE><BODY>Canada will increase corporate tax
revenues by about five billion dlrs over the next five years by
broadening the tax base and allowing fewer exemptions, finance
minister Michael Wilson said.
As Wilson previously promised, he said corporations will
bear an increased tax burden, despite new measures to lower
overall tax rates.
Increased corporate revenues will result from broadening
the tax base and eliminating special tax exemptions.
"The jobs of many Canadians depend on a corporate income
tax system that is competitive with other countries,
particularly the United States," Wilson said in a prepared
speech to the House of Commons.
"And it (tax reform) will ensure that profitable
corporations carry a bigger share of the total tax burden," he
added.
Federal tax revenue from corporations will increase by 470
mln dlrs in the fiscal year ending March 31, 1988, 410 mln dlrs
in fiscal 1989 and 1.19 billion dlrs in fiscal 1990, according
to documents tabled with Wilson's speech.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6851" NEWID="19015">
<DATE>18-JUN-1987 20:15:24.21</DATE>
<TOPICS></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE><D>wilson</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V E RM
f5041reute
u f BC-CANADA-FINANCIAL-TAX 06-18 0074</UNKNOWN>
<TEXT>
<TITLE>CANADA FINANCIAL TAX RATE INCREASED</TITLE>
<DATELINE> OTTAWA, June 18 - </DATELINE><BODY>The average tax rate for Canadian
financial insitutions will increase to 21.3 pct from 14.5 pct
under the new tax reform package, the federal finance
department said.
The amount of financial institutions' income that is taxed
will also increase to 74.0 pct from 48.7 pct, it said in
documents tabled with finance minister Michael Wilson's
prepared speech to the House of Commons.
Under Wilson's plan, the federal government will collect
1.36 billion dlrs more over the next five years from financial
insitutions, including banks, trust mortgage and life insurance
companies, according to finance department documents.
Financial institutions "are going to complain, but we
believe the changes are appropriate and affordable," said one
finance department official who asked not to be identified.
Ottawa will collect more revenue from financial
institutions by reducing the amount of reserves they can deduct
from taxes, which "will broaden the tax base for this low tax
paying sector," the finance department said.
Among the changes, chartered banks will no longer be able
to use a five-year averaging formula to calculate loan losses
that may be deducted for tax purposes.
Effective June 17, 1987, banks will deduct bad or doubtful
loans during the year they are incurred.
The finance department said the impact of the new
provisions will be cushioned over a period of five years.
The changes are needed to ensure that all financial
companies are taxed fairly under deregulation of the financial
services industry.
"It would be inconsistent for the tax system to continue
to provide different reserves for tax purposes for institutions
competing in the same marketplace," the finance department
said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6852" NEWID="19016">
<DATE>18-JUN-1987 20:20:39.69</DATE>
<TOPICS></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE><D>wilson</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V E RM
f5048reute
u f BC-OTTAWA-WIDENS-SALES-T 06-18 0089</UNKNOWN>
<TEXT>
<TITLE>OTTAWA WIDENS SALES TAX, STUDIES REPLACEMENT</TITLE>
<DATELINE> OTTAWA, June 18 - </DATELINE><BODY>Canada will broaden a federal sales tax
levied on manufacturers before scrapping the system in favor of
a broad based, multi-staged sales tax, finance minister Michael
Wilson said.
As expected, Wilson did not include a new sales tax system
as part of his wide-ranging tax reforms tabled in the House of
Commons today.
Instead, the federal government will make interim changes
to the existing sales tax to make it more fair for low and
middle income Canadians.
"The present (sales) tax is fundamentally flawed. It is a
hidden, arbitrary and capricious tax," Wilson told the House of
Commons.
The existing federal sales tax system hurts the Canadian
economy by putting more tax on Canadian produced goods than
imported goods and adding a hidden tax on Canadian exports that
makes them less competitive, Wilson said.
Interim changes effective January 1, 1988 will include:
-- applying the federal sales tax to marketing companies
related to manufacturers
-- levying the tax at the wholesale level instead of the
manufacturer for a selected range of products
-- applying a 10 pct sales tax to telecommunication
services, except for residential telephone lines
-- quicker collection of federal sales taxes.
To offset these changes for low income Canadians,
refundable tax credits will be increased to 70 dlrs from 50
dlrs for adults and to 35 dlrs from 25 dlrs for children, the
finance department said.
Ottawa is considering three alternative forms for a new
sales tax, including a goods and services tax, a value added
tax and a national sales tax that would combine existing
federal and provincial levies into one system, Wilson told the
House of Commons.
He said the federal government will explore the
possibility of one national sales tax with Canada's 10
provincial governments. All provinces except Albeta now levy a
provincial sales of tax of varying amounts.
Wilson said one joint system would be simpler for
taxpayers and maximize economic benefits of tax reform.
If Ottawa and the provinces can't agree on a national
sales tax system, Wilson said the federal government will
consider either a goods and services tax or a value-added tax.
A goods and services tax would apply at one rate to
virtually all goods and services in Canada and would include
further increases in refundable tax credits for low and middle
income Canadians, the finance department said in documents
accompanying Wilson's speech.
A federal value-added tax, similar to European tax
systems, would also be broad based but would allow more
flexibility to exempt selected goods and services, the
department said. The finance deparment said the main drawback
of a value added tax is that it would be more complex and
costly to implement than the other two proposals.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6853" NEWID="19017">
<DATE>18-JUN-1987 20:28:39.01</DATE>
<TOPICS><D>gnp</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE><D>wilson</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V E RM
f5055reute
u f BC-CANADIAN-BUDGET-DEFIC 06-18 0088</UNKNOWN>
<TEXT>
<TITLE>FALL IN CANADIAN BUDGET DEFICIT TO SLOW</TITLE>
<DATELINE> OTTAWA, June 18 - </DATELINE><BODY>Finance Minister Michael Wilson said tax
reform will not affect his determination to reign in
expenditures, but his forecasts show a slowing of the decline
in the budget deficit in the late 1980s.
"Responsible tax reform must be fiscally responsible,"
Wilson said in a speech prepared for the House of Commons.
Wilson estimated the deficit will fall to 29.3 billion dlrs
in the year ending March 31, 1988, the same level as he
forecast in the February budget.
And in the year ended this past March, the deficit was
expected to have been one billion dlrs lower than the 32
billion dlr shortfall originally forecast, Wilson said.
Wilson said in the current 1988 fiscal year
higher-than-anticipated spending, particularly in farm income
support programs, will be offset by higher-than-anticipated
revenues.
But finance department documents show the pace of deficit
reduction was expected to slow temporarily in fiscal 1989 and
1990 as a result of lower oil and grain prices and the
transition to the reformed taxation system.
The deficit is expected to total 28.9 billion dlrs in
fiscal 1989 and 28.6 billion dlrs in 1989 and then fall to 26.1
billion dlrs in 1991.
Wilson was optimistic about the outlook for the Canadian
economy, forcasting gross domestic product would expand 2.8 pct
this year and 3.0 pct in 1988. In 1986 the economy grew by an
actual 3.1 pct.
Inflation, meanwhile, is expected to stabilize at around
the current four pct level over the next two years.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="6854" NEWID="19018">
<DATE>18-JUN-1987 20:33:47.78</DATE>
<TOPICS></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE><D>wilson</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V E RM
f5060reute
u f BC-CANADA'S-WILSON-SETS 06-18 0106</UNKNOWN>
<TEXT>
<TITLE>CANADA'S WILSON SETS NEW PREFERRED SHARE TAX</TITLE>
<DATELINE> OTTAWA, June 18 - </DATELINE><BODY>Finance Minister Michael Wilson tabled a
ways and means motion to immediately impose a special tax on
preferred share dividends to eliminate a significant loss of
⌨️ 快捷键说明
复制代码
Ctrl + C
搜索代码
Ctrl + F
全屏模式
F11
切换主题
Ctrl + Shift + D
显示快捷键
?
增大字号
Ctrl + =
减小字号
Ctrl + -