The Lucknow Sentinel, 1989-10-04, Page 64
Page 16 --Lu w :Sentinel, Wednesday, °tober 4,1989
YOUR ORDER'S
READY M'AM—Lucknow Reeve Ab Murray, donned an
apron and took up serving duties recently at a fund raiser for the
South Bruce Chapter 'Heart and Stroke Foundation. The Celebrity Din-
ner was held in Walkerton at the Hartley House on :Friday night, 'Sept.
29 and raised about *700. (Maloney photo)
• K 4
Fners and tri -business
weigh GST effects
Will the agri-food industry be better off
if the government goes ahead with its
plans for a goods and services tax?
Farmers, their major suppliers, as well
as processors met in Toronto this week to
get a clearer . picture 'of the GSt, how it
will work and what it would mean to
them. The full day workshop was spon-
sored by the Ontario Federation of
Agriculture the province's largest general
farm organization.
At the workshop, senior government
bureaucrats made a case that the GST
will be favorable to farmers because it
would "wash out" any manufacturer's
sales taxes presently buried in the cost of
purchased inputs. This hidden tax is
estimated to correspond to one to two per
cent of farmers' operating costs.
However the cost of administering the
GST may override any benefits farm
businesses can expect out of the new tax
system. OFA President Brigid Pyke said:
"A study on the U.K. Vat system show-
ed that the cost to private business of
complying with the tax was two per cent
of total sales. A farm with 5100,000 in
cash receipts, for example, would be
looking at 52,000 in additional costs just
to comply with the GST. Even with the
government's plan to pay a 5600 ad-
ministration fee to businesses, many
farmers will still be out of pocket."
Government accepts that the GST is
regressive, and intends to relieve the
burden on consumers by not taxing basic
groceries. The only way to completely
eliminate tax at the grocery checkout
counter is to leave most farm and fish
products out of the tax, base. .
Unfortunately, Pyke noted, this leaves
farmers out of pocket for weeks and
perhaps months on the tax dollars they
would have paid on their inputs. "That's
a drain on cash flow and that costs
money. Cash flow compliance costs could
be reduced by not taxing the sale of ob-
vious farm supplies, for example fer-
tilizers, pesticides, mixed feed, and big
ticket machinery items," she said.
Pyke also pointed out that quota tran-
sactions fall in a similar category since
almost all quota transfers involve only
farm businesses and their marketing
boards. "The obvious thing would be to
leave quota transactions out of the tax
base," she stated.
The OFA President said the Federa-
tion's brief to the House of Commons
Finance Committee (Blenkarn Commit-
tee) will bring up these and other issues,
noting "We're being asked, to pay out a
lot in taxes and wait for months to get
rebates back from the government. Not
taxing farm supplies - especially big
ticket items - will be one way of making
it easier for farmers to comply with the
GST."
I NEVER KNEW A MAN
—Who could be happy and hate another
man.
—Who could evade responsibility and get
satisfaction.
—Who could defy his conscience and sleep
well.
—Who could do his best work without occa-
sional vacations.
—Who could get pleasure ofit of his life
without taking satisfaction in his work.
—Who could waste today without wasting
tomorrow.
—Who could pollute his mind and think
straight afterward.
' 4111R1��ff;A10!llfc>:�
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NEIL BIEMAN
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