This week, Canadians for Tax Fairness joins other international tax justice groups in calling for progressive tax reform to combat the effects of COVID-19 and rebuild a more equitable future.
These figures are just the tip of the iceberg as they include only amounts corporations are reporting.
The amount of Canadian corporate assets in the top 12 tax havens soared to a new high of $381 billion in 2019, according to a report released today by Canadians for Tax Fairness.
We shouldn’t seek to return to the same economy that contributed to the growing concentration of wealth in the hands of a few.
Canada can manage the $343.2-billion deficit projected in today’s fiscal snapshot, but it needs new progressive taxes to ensure the cost of COVID-19 is distributed fairly.