Author Description

« In the second volume of their history fo Canadian income tax, Colin Campbell and Robert Raizenne address the 1948 Income Tax Act, shaped not by war and Depression but by post-war prosperity, economic expansion, and Canada's growing international economic profile. The 1948 Act financed the emergence of the welfare state and the Cold War; at the same time, if faced the problem of increasingly sophisticated tax-avoidance activity. To deal with these issues, it built out a deeper rule-based regime, shorn of ministerial discretion and more open to challenge by taxpayers and review by the courts. Although the 1948 Act was the focus of criticism in the tax reform movement of the 1960s, led by the report of the Carter commission, a great deal of its content was carried into the modern Income Tax Act and remains the basis for much of Canadian tax law. »--Rabat de la jaquette.