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Welcome to the FNTC
The First Nation-led First Nations Fiscal and Statistical Management Act,
currently before Parliament, is proposing a successor institution to the Indian
Taxation Advisory Board. The First Nations Tax Commission (FNTC) will be
established in statute and take its place alongside the other proposed fiscal
institutions.
The FNTC will be available for those First Nations who choose to use its
services. It will be responsible for the development and regulation of the First
Nations property tax system. In carrying out this role, it will work with First
Nations, other First Nations institutions, the federal, provincial and local
governments.
The FNTC will help create a property tax system that is administratively
efficient, harmonized with the rest of the country and fair to on-reserve
taxpayers. To realize this vision, it will set administrative standards, regulate
matters pertaining to its property tax mandate, enforce these regulations, mediate
disputes and act on behalf of the collective interest of First Nations tax
administrations.
It is currently Ten Times Harder to create jobs and wealth on First Nations
land than anywhere else in the country. The First Nations Fiscal and
Statistical Management Act aims to begin to correct this problem. It represents a
positive step for a better future for all First Nations. This also means, as a
First Nations-led initiative, we are no longer talking about change, we are
making it a reality.
-----------------------
*If you re-print, copy, archive or re-post this message, please retain this
credit.
=-=-=-=-=-=-=-=-=
UBCIC's Protecting Knowledge Conference site:
http://www.ubcic.bc.ca/protect.htm
The First Nation-led First Nations Fiscal and Statistical Management Act,
currently before Parliament, is proposing a successor institution to the Indian
Taxation Advisory Board. The First Nations Tax Commission (FNTC) will be
established in statute and take its place alongside the other proposed fiscal
institutions.
The FNTC will be available for those First Nations who choose to use its
services. It will be responsible for the development and regulation of the First
Nations property tax system. In carrying out this role, it will work with First
Nations, other First Nations institutions, the federal, provincial and local
governments.
The FNTC will help create a property tax system that is administratively
efficient, harmonized with the rest of the country and fair to on-reserve
taxpayers. To realize this vision, it will set administrative standards, regulate
matters pertaining to its property tax mandate, enforce these regulations, mediate
disputes and act on behalf of the collective interest of First Nations tax
administrations.
It is currently Ten Times Harder to create jobs and wealth on First Nations
land than anywhere else in the country. The First Nations Fiscal and
Statistical Management Act aims to begin to correct this problem. It represents a
positive step for a better future for all First Nations. This also means, as a
First Nations-led initiative, we are no longer talking about change, we are
making it a reality.
-----------------------
*If you re-print, copy, archive or re-post this message, please retain this
credit.
=-=-=-=-=-=-=-=-=
UBCIC's Protecting Knowledge Conference site:
http://www.ubcic.bc.ca/protect.htm
