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33 Tax Memo 1 (1963)

handle is hein.journals/taxmmo33 and id is 1 raw text is: TAX No.33 MEMO April, 1963 TAXATION COMMISSION BRIEF Statement to the Royal Commission on Taxation on behalf of the Canadian Tax Foundation Ottawa, April 16, 1963 The Chairman of the Canadian Tax Foundation prefaced discussion of the Foundation's brief with the following remarks. We wish to make the observation that the Commis- sion, when finally formulating its recommendations, will be faced with a question which is inherent in mat- ters of taxation, namely, the weight, if any, that should be given to the political (in the broad sense of the term) palatability of its recommendations. With respect, we venture to interpret the Commission's terms of reference as calling upon it to deal with the issues in terms of economic and revenue, rather than political, effects. We say this in the conviction that Canadians of all political persuasions are anxious at this time to have recommendations which, if implemented, would be likely to produce a tax structure that had the least pos- sible repressive effects on the growth of the Canadian economy. We point this out in order to indicate our support of the position that members of this Commis- sion will, we feel sure, wish to take. As indicated in our statement, we recognize the complexity of the issues with which the Commission and its staff have been called upon to consider. We commend the Commission for the thorough, energetic and imaginative way it and its staff are approaching their tasks. We would refer particularly to Memoran- dum No. 10 which formulates in a most useful fashion many of the questions which we have raised in our statement. Perhaps the Commission might wish to consider the use of interim reports on certain key questions such as the treatment of the undistributed income of cor- porations. Such a report might state what appeared to be the best alternative approaches, in sufficient detail to permit concrete comment on their strengths and weaknesses to be submitted in writing at a later date for consideration by the Commission. The Foundation would be prepared, if the Commission considered it appropriate, to try to enlist the aid of its members in examining such alternatives. We recognize the limita- tions of time on such a procedure, and offer the sug- gestion for your consideration with an appreciation of the possible practical difficulties involved. INTRODUCTION The Canadian Tax Foundation welcomes this opportunity to appear before this Commission at the opening of the preliminary hearings. Your Chairman has asked that our statement raise issues rather than try to settle them, and this the following attempts to do. As the Chairman and members of the Commission are aware, the Foundation is an independent research organization sponsored by the Canadian Institute of Chartered Accountants and the Canadian Bar Associ- ation. Its purpose is to conduct, initiate and encourage impartial, expert research into problems of taxation Additional copies of this Memo may be obtained at a price of 15¢. TAX FOUNDATION CANADIAN

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