Flaherty's two biggest budget blunders: half measures on stock options, no measures on income trusts - 22 March 2010

The Hill Times Online

http://www.hilltimes.com/page/view/fullard-03-22-2010

Failure on the part of Finance Minister Jim Flaherty to correct
his income trust fiasco is the economic equivalent of losing 2.5 million
full and part-time jobs.

OTTAWA—Since 2007, I have argued that
taxing employee stock options gains at half the rate of income is unfair
to taxpayers, and counter to the interests of society, since stock
options skew corporate decision-making. Others like Roger Martin, dean
of the Rotman School, have drawn similar conclusions as outlined in The
Globe and Mail article of May 22, 2009, entitled "Distorted
incentives behind the financial crisis."

Budget...