June 5 roundup
On Swedish-style taxes, flat interest rates and how to port a mortgage.
•Tax me like a Swede, says tax expert Jack Mintz in today’s Financial Post. Sweden was the first county to convert their corporate and personal taxes into a “dual-income tax” with low, flat tax rates on capital income and a progressive rate on wages and salaries. It’s our best chance at improving business productivity while restoring investors’ lost retirement wealth, Mintz argues.
•The Bank of Canada said Tuesday it’s holding interest rates steady at 1% adding that the outlook for the global economy has weakended in recent weeks.
•Planning a move? Want to transfer the debt you owe to the bank from your old house to your new house? Here’s a post from Young and Thrifty on how to port a mortgage.