Some of Canada's political parties have recently made major announcements about closing tax loopholes. Which loopholes should we close? Who supports closing them and what could we get? C4TF's second weekly factsheet of the 2021 election sums it up.
C4TF encourages all political parties to adopt these measures in their platforms during the federal election campaign.
In the 2021 Platform for Tax Fairness, Canadians for Tax Fairness advocates a series of policies that would bring over $90 billion dollars in revenue to the federal government, without increasing taxes on working or middle-class Canadians, allowing for increased investment in public services that yield high rates of economic and social return.
Uber and Lyft legally avoid paying around $135 million per year in Canadian taxes, including around $81 million in avoided EI and CPP payroll taxes, and up to $54 million in avoided corporate taxes, based on 2019 figures.
On June 22, Minister of National Revenue Diane Lebouthillier appeared before the Standing Committee on Finance to answer questions on the government’s efforts to crackdown on tax evasion and aggressive tax planning. ...
Amazon’s negligible tax bills, the millions of dollars it has received in tax breaks and subsidies over many years, the unfair advantage it thus maintains over local businesses, as well as its often-criticized labour practices and significant environmental impact, are explored in L’Envers d’Amazon, a new French-language documentary from Quebecor’s Investigative team.
It turns out Donald Trump’s not the only stratospherically wealthy serial tax-dodger that everyone loves to hate. He’s got more company than we thought, whose egos are likewise dwarfed only by the size of the fortunes they don’t want to share. And his company, and their companies, are just a little ticked off that we just found out.
The links between fighting inequality, economic growth, and Budget 2021: watch C4TF Executive Director Toby Sanger discuss tha latest budget in the Senate Finance Committee today.
Digital services tax, elimination of a lower tax rate on capital gains for wealthy individuals, wealth tax, excess profits tax, ending bad subsidies, and strengthening whistle-blower protections... C4TF Executive Director Toby Sanger spoke to the House of Commons Finance Committee today.
