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44 Tax Memo 1 (1967)

handle is hein.journals/taxmmo44 and id is 1 raw text is: AX MEMO No. 44 April, 1967 Report of the Royal Commission on Taxation 1. Economic Conclusions 2. Minority Reports This Tax Memo contains summaries prepared from the economic conclusions in Volume 6 of the Report-Implica- tions of the Proposed Tax Reforms-and from the two minority reports in Volume 1, by Commissioners A. Emile Beauvais, C.A. and D. G. Grant. The March-April issue of the Journal, which was issued very quickly after the publi- cation of the Report, contained the introductory portion of the Report and the Conclusions and Recommendations found at the end of the chapters. Long-Term Effect on Revenues In its conclusions to Chapter 35 the Commission states that it has relied primarily on a comparison of estimates of what the revenue yield would have been in 1964 (the most recent year for which detailed data was available) under the proposed tax system and under the 1966 tax system. Table I indicates the change in revenue from each major tax affected by their proposals and Table II shows that this increase in tax revenue is the net result of the effects of many recommended tax reforms. These changes, except for the reduction in tax rates, have been evaluated on the basis of the rates recommended by the Commission. Additional copies of this Memo may be obtained at a price of 25¢. CANADIAN TAX FOUNDATION L'ASSOCIATION CANADIENNE D'ETUDES FISCALES