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 Auditor General has exposed serious efficiency problems in how the Canada Revenue Agency deals with regular taxpayers. And those problems point straight to a series of cuts over the past decade that have impacted how the CRA serves Canadians and collects revenues.
According to the latest AG report, the CRA takes too long to respond to objections to its income tax decisions – an average of 263 days for individual income tax objections registered between 2011 and 2016 – and uses incomplete and inaccurate methods to evaluate how well objections are handled. AG Michael Ferguson says 65 per cent of the objections he reviewed were eventually resolved either fully or partially in favour of the taxpayer. Those findings suggest more can be done ahead of time to resolve issues prior to objections being filed.
The international tax dodging industry is profiting from anemic international co-operation on tax rules and standards,” says Canadians for Tax Fairness executive director Dennis Howlett. The Panama Papers, Luxembourg Leaks, and other global schemes have exposed large-scale tax evasion and avoidance. Individual governments can make some changes to stop it – but just like fighting international terrorism or environmental degradation – countries are more effective when they work together.
Cameco’s $2.2 billion tax trial starts today in Toronto. The same day that MPs from the Parliamentary Finance Committee are in Regina to consult with taxpayers about how to manage priorities in the next federal budget.That committee need only look at the Saskatchewan case to get a clear roadmap about how to proceed.