Mayor faces backlash over new business tax proposals

During a recent government meeting, concerns were raised regarding the potential impact of new taxes on local businesses, particularly a proposed charterhead tax and a clean beverage tax. One official highlighted the lack of financial projections associated with these taxes, emphasizing the burden they would place on business owners already facing significant tax pressures.

The discussion centered on the experiences of businesses in Depot Bay, where the introduction of a corporate activity tax has reportedly strained operations. Local business owners expressed that the cumulative effect of these taxes is detrimental, as it ultimately reduces the income of their employees. The official noted that hundreds of thousands of dollars are being redirected from the pockets of workers due to these financial obligations.

The meeting underscored the need for careful consideration of tax policies and their broader implications on the local economy and workforce.