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News & Views
2021-10-11
The PERT’s tax recommendations are little more than window dressing, designed to make it look like all avenues for a Reset have been considered when in fact the choices made will reinforce income and wealth inequality and create the crisis the government is hoping to avoid.
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2021-10-08
A fairer deal would include a higher share of multinational profits allocated (at least 30% of “non-routine” profits, and a lower than 10% rate for routine profits), not force countries to eliminate their digital services taxes or similar measures, and a fairer allocation formula that provides more revenue to developing countries, as the G24 group of countries have called for.
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2021-10-06
The Pandora Papers show the vast scale of aggressive tax avoidance through tax havens, and the urgency of immediately dealing with a problem that costs Canadians as much as $25 billion per year, according to the Parliamentary Budget Officer.
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2021-10-03
... On the one hand, this latest leak reconfirms what we have long known: the global elite use a range of unethical techniques, many of questionable legality, to hoard their wealth and avoid taxes. On the other hand, with each leak from the ICIJ we learn a little bit more about the whos and the hows of global wealth hoarding. And with each leak we are also reminded of how little has been done by the Canadian government to reign in these harmful practices. ...
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2021-10-01
... We are subsidizing the wealthiest through their private foundations to determine where highly publicly-subsidized charitable-giving funds should go, and unsurprisingly much has gone to push for further privatization of public services. ...
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2021-10-01
Canadians for Tax Fairness (C4TF) supports the introduction of a tax on luxury goods. However, as currently designed, the tax is too narrow. Further, we are concerned that the luxury tax is being offered as a substitute for a wealth tax.