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Michigan to drop tax

OTTAWA, Ont. - The State of Michigan introduced a legislative motion on Sept. 26 to eliminate Canadian trucking companies from having to pay its Single Business Tax, the Financial Post reported as Tr...


OTTAWA, Ont. – The State of Michigan introduced a legislative motion on Sept. 26 to eliminate Canadian trucking companies from having to pay its Single Business Tax, the Financial Post reported as Truck News was going to press.

The legislation would remove a “leading irritant in one of the world’s largest trading relationships by eliminating a punishing tax that could cost Canadian businesses as much as $100-million a year,” the paper said.

Michigan’s trade with Canada exceeds $80 billion a year, the largest of any Canadian trade relationship in the world, except for the U.S. as a whole.

Most of that trade is in the automotive sector and transported by trucks, which have been liable for the tax since Jan. 1.

The Canadian Trucking Alliance estimates the tax would cost the trucking industry from $50 million to $100 million in 2000. n


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Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
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