Federal tax reform could give Nova Scotians some of the funds we need to improve our infrastructure and public services.
There are compelling reasons to support the federal government’s proposed small-business tax proposals. Does that surprise you? Let’s pause for a moment and consider a few facts.
Tax breaks in the last 20 years have benefited Canada’s corporations and wealthiest citizens far more than the rest of us. These breaks have contributed to wealth concentration at the top and entrenched poverty at the bottom.
They have gradually starved governments of billions of dollars needed to pay for vital programs and services. The current proposals will replace some of the tax revenue that has been lost — about $1 billion yearly by some estimates. Taxes and public services have come to represent a significantly smaller percentage of our economy than in most other developed countries — it’s time to stop the bleeding.
You have to hand it to wealthy business owners. They know how to work the system to maximize their bottom line and pay as little tax as possible. Why shouldn’t they? It’s completely legal. However, it’s not only fundamentally unfair to those who pay their fair share, it also hurts poor Canadians — most of them women.
L'année dernière, le gouvernement fédéral a réaffirmé une promesse électorale visant à éliminer l'échappatoire fiscale des options d'achat d'actions qui a donné près d'un milliard de dollars aux PDG les plus riches.
Le ministre des Finances a cede à la pression des intérêts personnel qui ne voulaient pas perdre leur réduction de 50% sur les taxes.
The tax system can be a powerful tool for redistributing wealth and reducing inequality and poverty. We all benefit (including the rich) from a more equal society with better population health, reduced crime, and better education. Recent research also now shows that lower inequality also means better employment opportunities and a more vigorous economy, again, from which we all benefit, rich or poor.
I've had it with politicians whining and moaning about deficits and government debt.
I've had it with their manipulation and propaganda.
This has been going on for decades, across all parties, federally and provincially, with perpetual cutbacks, layoffs and threats, but never a real solution offered.
Whether it is federal or provincial governments, lawyers, or financial advisors.... people in the business of forming companies in Canada need to understand the importance of an accessible, public registry to trace true beneficial owners. In this opinion piece, Canadian lawyer Martin Kenney argues that access to that material is an essential tool to frustrate tax evasion, fraud, and terrorism. He also exposes what he feels is a fundamental hypocrisy in the attitude of the United States and Canada towards "secrecy jurisdictions."