I just got off the phone with Sahir Khan, Director General, Revenue and Expenditure Analysis in the Office of the Parliamentary Budget Office. We spoke for about 20 minutes and Sahir said that both he and Kevin Page read my emails with great interest and are quite familiar with the Marshall Savings Plan at this point and its impact on Canada’s revenue in term of the $6 billion positive annual tax revenue impact that I described to Sahir as consisting of the tax revenue difference between adopting the Marshall Savings Plan versus the “do nothing scenario”.
Sahir also confirmed for me that Accrual Accounting is how the Budget Office conducts its affairs. By extension and by definition this would mean that leaving out the deferred taxes on the 38% of trusts would be incorrect although the beauty of the Marshall Savings Plan is that it obviates the need to come to a resolution about whether the correct methodology is being used by Jim Flaherty & Co. in concocting tax leakage (cask accounting) or not (accrual accounting).
That arcane discussion (for some at least, i.e. the financially illiterate) is rendered moot with the Marshall Plan.
I thanked Sahir and asked Sahir to pass on my thanks to Kevin Page in terms of all that they are doing to make Canada in to a fact based empirical democracy, as opposed to a dogma (ie tax leakage) based imperial realm of dictates.
I also brought to Sahir’s attention the Facebook group formed by Geoffrey Laxton the other day called Canadians in support of Kevin Page and transparent, open government. http://www.facebook.com/group.php?gid=436984410256
Goodbye to the era of Harper's blacked out document regime.
Tuesday, January 19, 2010
Posted by Fillibluster at 5:06 PM