Saturday, September 19, 2009

On impact assessments

Shorter TD Economics HST analysis:

On its face, tax harmonization thoroughly screws over consumers in order to give money to business. But if one pointlessly takes into accounts goods and services not covered by the harmonization, the screwing looks much smaller. And the actual screwing decreases even more in theory once one assumes that businesses will return some of the giveaway to consumers, though the net result does indeed remain a screwing. So what's not to like?

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