News Release
|
News Release |
February 14, 2000
Edmonton, Alberta
"We can’t be complacent. Alberta has the lowest overall business taxes in Canada, but we are competing in a global economy and that means we must make sure we are competitive on a global scale. This review will tell us where we stand and what we must do to remain competitive."
"In January, our new personal income tax system will be fully in place, saving Albertans more than half a billion dollars in the first two years. This came as a direct result of input from Albertans and the Alberta Tax Review Committee’s work," said Day. "Now it’s the Business Tax Review Committee’s turn."
The committee has been asked to do the following:
The committee will advertise for written submissions from Albertans, which will form a key part of the group’s research.
"I’m looking forward to seeing what the committee comes up with. We have an impressive group of very qualified individuals representing a wide range of backgrounds," Day said, adding that it was difficult to make the final selection because there were so many qualified people interested in serving on the committee.
A list of committee members and the committee’s terms of reference are attached.
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| Mr. Gary Campbell,
B.Comm., LL.B., Q.C. Miller Thompson |
EDMONTON |
| Mr. Jack Donald President and CEO, Parkland Industries Ltd. |
RED DEER |
| Dr. Roger Smith, Ph.D.
(Economics) Vice President (Research and External Affairs), University of Alberta |
EDMONTON |
| Dr. Ken McKenzie, Ph.D.
(Economics) Department of Economics, University of Calgary |
CALGARY |
| Mr. Brian Felesky,
B.A., LL.B, Q.C. Tax Counsel, Felesky Flynn, Barristers & Solicitors |
CALGARY |
| Mr. John Hokanson,
B.Sc. (Civil Engineering) President and CEO, H & R Drilling |
EDMONTON |
| Ms. Frances Jean Owner/Manager, Jean’s Gifts and Stationery Fort McMurray Chamber of Commerce |
FORT MCMURRAY |
| Mr. John Ballheim President, DeVry Institute of Technology Immediate Past President, Calgary Chamber of Commerce |
CALGARY |
| Mr. Art Smith, CM,
A.O.E., DFC (Hon. Ph.D.) Retired Senior Consultant to SNC-Lavalin Inc. Former Chairman and CEO of SNC-Partec Inc., and Lavalin Services Ltd. Former City Alderman, MLA, MP |
CALGARY |
| Mr. Hugh J. Bolton,
F.C.A., B.A. (Economics) Consultant to PricewaterhouseCoopers Former Senior Partner and Board Member, PricewaterhouseCoopers and Predecessor Firms |
EDMONTON |
| Mr. Tom Ferguson Operator of Mixed Farm Operation Former Councillor and Reeve, M.D. of Pincher Creek No. 9 |
PINCHER CREEK |
| Ms. Bonnie Laing MLA Calgary Bow |
CALGARY |
| Mr. Paul Langevin MLA Lac La Biche St. Paul |
ST. PAUL |
Alberta Business Tax Review Committee
Terms of Reference
In 2001, the province will move to a new personal income tax system in response to the 1998 recommendations of the Alberta Tax Review Committee. These changes will result in lower personal income taxes for all Albertans, encourage economic growth and enhance our competitive position.
The government recognizes that business taxes also affect the economy and our competitiveness. The Provincial Treasurer is therefore appointing the Alberta Business Tax Review Committee to examine the level and mix of provincial business taxes including the following:
The review will examine the impact of business taxes on Alberta’s economic and business climate, our international competitiveness, the impact of technology on business and commerce, and will include recommendations promoting Alberta’s well-being.
The Committee will submit a report to the Provincial Treasurer by September 1, 2000.
For further information, please contact:
Shannon Larkins
Director of Communications
Alberta Treasury
(780) 427-5364
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Updated by waywaa@treas.gov.ab.ca - February 14, 2000