Economists toy with sales tax idea for Alberta

Following an announcement by Alberta Finance Minister Doug Horner that the Province’s projected deficit leading into the 2012/13 budget will be around $4 billion, the idea of implementing a sales tax as a way out has once again reared its way back into the conversation.

During an economic summit a few weeks ago in Calgary, which was set up by Premier Alison Redford and attended by members of all provincial parties, the topic of creating a sales tax was favoured by some of the province’s leading economists.

Todd Hirsch, a senior economist at ATB Financial, was one of the moderators at the summit and pointed out this option shouldn’t be very surprising despite the fact the province has never had a sales tax. Read the full story at the Rocky Mountain Outlook.

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