martes, 12 de diciembre de 2017

Canada, provinces end dispute on how to split pot tax revenues | The Indian Express

Canada, provinces end dispute on how to split pot tax revenues | The Indian Express



Canada, provinces end dispute on how to split pot tax revenues

The federal government had initially suggested a 50-50 revenue split, an idea the provinces rejected on the grounds it was not enough to help cover the extra costs of enforcing the new rules once they take effect.

By: Reuters | Ottawa | Published: December 12, 2017 9:04 am
Canada pot tax revenues
Picture for representational purpose

The Canadian government and the country’s 10 provinces on Monday settled a disagreement on how to split the revenues from a proposed federal tax on marijuana sales once the narcotic drug is legalized next July, Finance Minister Bill Morneau said. Morneau told reporters that for an initial two years, 75 percent of the money would go to the provinces and 25 percent to Ottawa. Liberal Prime Minister Justin Trudeau plans to allow recreational marijuana nationwide by July 2018, which will make Canada the first Group of Seven country to do so. Trudeau says legalization is needed to keep the drug out of the hands of underage users and reduce related crime.

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