The federal government is letting large foreign corporations such as Google, Netflix, Amazon, Facebook, Uber and others off the hook on paying taxes on the digital products and services they sell to Canadians. Meanwhile the Canadian companies in the business have to pay the Canadian sales and corporate income taxes.
Tell Prime Minister Justin Trudeau, Finance Minister Bill Morneau and his colleagues that they should immediately eliminate this unfair competition against Canadian businesses,workers and creators in the coming budget.
Ottawa - Canadians for Tax Fairness calls for action on tax and gender bias
There are two problems with gender bias of the tax system – a disproportionate benefit to men at the top incomes from tax breaks; and a loss of revenues for programs that mostly benefit women at the lower incomes.
Tax loopholes are used almost exclusively by top income earners, businesses and CEOs to maximize their bottom line and pay as little tax as possible. These include the Capital Gains Deduction, Employee Stock Options Deduction, the Meals and Entertainment Deduction and the Dividend Gross-up Credit. They also use private corporations for the same purpose.
“These are not gender neutral” says Diana Gibson, Communications Director for Canadians for Tax Fairness, “Women only accounted for 22% of the top 1% of income earners, 3 out of 100 top CEOs in Canada, 15.7 percent of majority owned small and medium sized businesses.”
Victoria, B.C.: Canadians For Tax Fairness, Publish What You Pay Canada, and Transparency International Canada welcome commitments made by the B.C. Government to require that information on the true owners of B.C. properties be collected and be made public by the land registry; however, a publicly accessible registry to reveal hidden owners of companies is missing.
A public corporate registry of beneficial owners is critical for tackling money laundering, tax evasion, and other criminal activities within the province.
B.C. is certainly taking a bold step to prevent misuse of real estate by money launderers, and the commitment within the 2018 provincial budget to include beneficial ownership information within its property transfer tax form and to make it publicly accessible is much needed.
New report shows how Rio Tinto, and its Canadian subsidiary Turquoise Hill Resources, used mailbox companies in two tax havens, Luxembourg and the Netherlands, to avoid nearly $470 million in Canadian taxes from one mine.
The government is touting its Budget 2018 as setting a new standard in 'gender budgeting' as a core pillar of budget-making.
It is commendable that the government has committed to examining the gender impacts of the budget in terms of education and skills development, economic participation, leadership, access to justice, poverty reduction and health, and gender equality around the world. However they seem to have forgotten about examining the gender impacts of tax policies.
The government's fall fiscal update has some good news for those living in poverty or who are struggling to get ahead. The Child Tax Benefit will be indexed to inflation and the Working Income Tax Benefit will be increased by $500 million, both moves the Canadians for Tax Fairness and other social justice groups have been calling for. However, while these are important poverty reduction measures, they only address growing inequality at the bottom.
Inequality needs to be tackled at both the top and bottom end of the income divide.
Small business has become a cause célèbre and the private corporation tax loopholes the daytime-TV melodrama of fiscal policy, replete with (if you believe some of the accounts) moustache-twirling villains intent on taking away the paltry savings of poverty-stricken... uh, doctors?