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.
There is a powerful Bahamian connection in the mess that is Canada's offshore tax haven epidemic. Now a new leak to the International Consortium of Investigative Journalists and media reports are blowing its cover.
The Parliamentary Finance Committee will soon start hearings to find out how we should be spending our tax money and this summer they accepted briefs from interested organizations.
"There are three ways the government could raise additional revenue," says Dennis Howlett, executive director of Canadians for Tax Fairness. "These options, if fully implemented, could raise an additional $20 billion annually."
Could the situation be more perverse? The world's richest company enjoys generous, possibly illegal corporate aid from the Irish government, while Ireland's youth unemployment rate is 18 per cent and waitlists for health care soar. And it is a scenario that plays out all over the world. This stark reality is the subject of an insightful blog from Canadian economist Armine Yalnizyan.