We need to stand up against multinationals that pay no taxes - simply because they sell us goods and services online. We need to stand up for Canadian businesses and industries that face unfair competition. We need to stand up for tax justice.
The European Union has kickstarted a pushback against the multinationals that are using every trick in the book to avoid paying tax.
After an intensive three-year investigation,the EU commission ruled that Ireland’s tax arrangements with Apple were illegal and provided up to a 13-billion-Euro subsidy ($14.5 billion) plus interest. And that ruling should be instructive to other governments.
How much corporate tax has Apple paid to Canada? Your guess is as good as ours. But estimates that the US government could be owed up to $60 billion send a clear message that Canada has likely dropped the ball on this issue.
Canadians for Tax Fairness wants provincial premiers to clamp down on the growing use of anonymous companies as part of tax scams. The first step? A public registry of the beneficial owners of companies. That would be an important step towards global efforts to fight tax evasion and money laundering.
Canada's tax system needs reform and it is up to MPs to make sure that happens. That's the message from NDP MP and Finance Committee member Guy Caron. In this opinion piece he explores the challenges and issues a call to action for a non-partisan discussion.