Taxation

Why Shouldn’t Princeton Pay Taxes?

For the latest evidence of the town-gown divide, look no further than New Jersey, where earlier this summer residents of Princeton banded together to sue the prestigious school in their backyard. The residents argued that Princeton University, which boasts the largest endowment per student in the country, should no longer be entitled to its tax-exempt status because the school makes money—from its scientific patents, ticketed concerts, on-campus eateries and more. The Ivy League school is operating like a business, the plaintiffs say, so the tax code should treat it like one.

Hong Kong’s Simple, Low Taxes: Don’t We All Want It?

“I did a little calculation yesterday,” says Stuart Iliffe, a Canadian working in Hong Kong as chief financial officer of publishing house PPP Co. Ltd. “If I earned $100,000 [all figures Canadian unless noted] in Canada, after tax I would keep $64,000. If I earned $100,000 in Hong Kong, and made use of the married man’s tax allowance, I would keep $90,100.” Those are startling figures – and they don’t even take into account that the former British colony – since 1997 a special administrative region (SAR) of China – has no goods and services tax, harmonized sales tax or value added tax.

Featured News

57 Policy Proposals for Future Leaders to Help Make the Canadian Economy Soar

Executive Summary The various federal political parties are all promoting the policy agendas they believe will foster a sustainably high quality of life for all Canadians. It remains to be seen whether they will attain the success that they aim to achieve. In some...

Who Determines Entrepreneurship?

There are 2.6 million self-employed people in Canada. Even though the Canadian and provincial governments generally have formally stated positive attitudes toward self-employed people, key aspects of tax administration are biased against people being self-employed....

Speaking to Quebeckers

Danielle Smith, the leader of Alberta’s Wildrose Alliance Party, has made a spirited defense of Alberta’s oil industry in her address to members of Reseau Liberte-Quebec (RLQ –Quebec Freedom Network) gathering in Montreal last week.