Posted October 10, 2009
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Ottawa. October 9, 2009. Recognizing that the harmonization of sales tax is a vitally important tax reform measure to ensure the competitiveness of knowledge-based industries, ITAC has today joined the Smart Taxation Alliance. This alliance is a non-partisan coalition of leaders from the business community that has united to support sales tax reform in Ontario.
ITAC has been an outspoken advocate for the harmonization of retail sales tax. As Bernard Courtois, President and CEO of ITAC, told a group of ICT executives yesterday, “A great deal of our energy at ITAC is spent advocating for effective tax policies that will promote the health of our industry and Canadian business in general. The transcendent request in all this advocacy has been for harmonization. We believe that the ORST represented the single greatest barrier to achieving the competitive tax rates that would give Ontario businesses a fair chance at surpassing our global rivals.”
ITAC fully supports and applauds the Honourable John Wilkinson’s statement, made at the same forum yesterday, that harmonization will benefit the information and communications technology industry. It will make our companies more competitive and it removes the hindrances to innovation imposed by a consumption-based tax. Harmonization will drive innovation and create 21st century jobs.
The Information Technology Association of Canada (ITAC) is the voice of the Canadian information and communications technologies (ICT) industry. ITAC represents a diverse ICT community spanning telecommunications and internet services, ICT consulting services, hardware, microelectronics, software and electronic content. ITAC’s community of companies accounts for more than 70 per cent of the 572,000 jobs, $149.4 billion in revenue, $6.22 billion in R&D investment, $22.6 billion in exports and $11.8 billion in capital expenditures that the ICT industry contributes annually to the Canadian economy. ITAC is a prominent advocate for the expansion of Canada’s innovative capacity and for stronger productivity across all sectors through the strategic use of technology.
For further information, please contact:
Lynda Leonard
Senior Vice President, ITAC
(613) 238-2250 ext. 223