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I would like to start this newsletter with a timely article on the need for change in relation to taxation. The article is titled “The big tax reckoning is coming for Canada” and, although it is focused on Canada, the same issues prevail in many jurisdictions around the world.
The author (Kirk LaPointe) states: “As costs soar and demographics shift, governments can no longer dodge the truth: we either raise more revenue or cut deep. We live in a country with Scandinavian tastes and a North American tax code.
And in case you haven’t noticed, the cost of everything is rising, our social program obligations are growing, the population is aging, our infrastructure is crumbling, and public finances are wheezing.
