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| EST. READ TIME 1 MIN.The Economic Costs of Capital Gains Taxes
Capital gains taxes, like all forms of taxation, raise revenues for the government but also impose economic costs. Unfortunately, the cost of capital gains taxes is no limited to the amount of tax collected. Capital gains taxes impose additional costs on the economy because they reduce returns on investment and, thereby, cause individuals and businesses to alter their behavior. As a result, capital gains taxes have a substantial impact on the reallocation of capital, the stock of capital, and the level of entrepreneurship in Canada.
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Niels Veldhuis
President, Fraser Institute -
Keith Godin
Keith Godin is a former Fraser Institute Senior Policy Analyst who published many studies on a range of policy issuesincluding entrepreneurship, labour regulation, labour market performance, taxation, and investment. His publications include: Crowding Out Private Equity: Canadian Evidence (2007), The Economic Costs of Capital Gains Taxes (2007), Measuring Labour Markets in Canada and the United States (2007), and Canadian Provincial Investment Climate Report: 2007 Edition (2007). He has also written shorter studies on fiscal policy and government failure as well as commentaries in newspapers across the country. Mr. Godin holds a Bachelor's Degree in Economics and a Master's Degree in Public Policy from Simon Fraser University. His thesis focused on entrepreneurship and venture capital.… Read more Read Less… -
Jason Clemens
Executive Vice President, Fraser Institute
Jason Clemens is the Executive Vice President of the Fraser Institute and the President of the Fraser Institute Foundation. Hehas an Honors Bachelors Degree of Commerce and a Masters Degree in Business Administration from the University of Windsor as well as a Post Baccalaureate Degree in Economics from Simon Fraser University. Before rejoining the Fraser Institute in 2012, he was the director of research and managing editor at the Ottawa-based Macdonald-Laurier Institute and prior to joining the MLI, Mr. Clemens spent a little over three years in the United States with the San Francisco-based Pacific Research Institute. He has published over 70 major studies on a wide range of topics, including taxation, government spending, labor market regulation, banking, welfare reform, health care, productivity, and entrepreneurship. He has published over 300 shorter articles, which have appeared in such newspapers as The Wall Street Journal, Investors Business Daily, Washington Post, Globe and Mail, National Post, and a host of U.S., Canadian, and international newspapers. Mr. Clemens has been a guest on numerous radio and television programs across Canada and the United States. He has appeared before committees of both the House of Commons and the Senate in Canada as an expert witness and briefed state legislators in California. In 2006, he received the coveted Canada’s Top 40 Under 40 award presented by Caldwell Partners as well as an Odyssey Award from the University of Windsor. In 2011, he was awarded (along with his co-authors) the prestigious Sir Antony Fisher International Memorial Award for the best-selling book The Canadian Century. In 2012, the Governor General of Canada on behalf of Her Majesty the Queen, presented Mr. Clemens with the Queen Elizabeth II Diamond Jubilee Medal in recognition of his contributions to the country.… Read more Read Less…
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