News & Views
2021-12-14
How do those at the very top continue to grab an oversized share of incomes and wealth, both in Canada and globally? Hint: It's the capital gains. (Originally published in Canadian Dimension.)
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2021-12-09
...while the Global 1% collects about one-fifth of all income, it owns almost two-fifths of all wealth. We can conservatively estimate that it also takes two-fifths of investment income. That means more of the income going to the Bottom Half is coming from labour...
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2021-11-24
When carbon taxes and tax credits aren’t enough, and reconciliation is overdue, there is hope in solidarity, and good cause for a wealth tax.
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2021-11-12
There has never been a better opportunity to make our tax system fairer and reduce inequalities with a wealth tax. The ultra-rich are certain to use their influence with the Liberals to fight it—and that’s why we need the power of people and strong public pressure to achieve it.
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2021-10-21
We believe that fair taxation can make a better Canada, and that taxing the super-wealthy is an important first step, since we know the richest Canadians have fortunes so large that their lavish lifestyles would be unaffected by such taxes, and the Canada those taxes would help develop would mean they too would live in a safer, more beautiful, more prosperous country.
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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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2021-10-03
... 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.