Report: The Rise of Corporate Profits in the Time of Covid
Summary
Report
HIGHLIGHTS
1. Canadian corporate profit margins skyrocketed in 2021.
- From 2002 to 2019, corporate profit margins averaged 9%. In 2021, they were 16%.
- Extreme profit margins drove profits per firm up by 68% over 2019.
- More than 90% of the increase in sales revenue per firm was profit.
2. Profit margins have soared for both commodity and non-commodity companies.
Budget 2022 should tax record-breaking corporate profits linked to inflation and inequality: new report
Canadian corporations made record profit margins in 2021, which are contributing to inflation and will worsen inequality, according to a new report by Canadians for Tax Fairness:
DT Cochrane
Dr. DT Cochrane has graduate degrees in economics, and social and political thought. His research and publications have covered a range of topics including pipeline finance, big tech, and corporate power. Raised on a Saskatchewan ranch, he now lives in Peterborough with his partner and children. When not figuring out new ways to use pivot tables, he can be found reading fiction, taking photos, enjoying the outdoors.
The Fair Tax News, March 2022
Ahead of the 2022 Federal Budget, the Liberal government has delivered on only a fraction of its fair tax promises made over the past six years, including pledges to more fairly tax big corporations, wealthy individuals and carbon pollution, while reducing tax dodging. ...
End Snow-Washing Coalition applauds accelerated timeline for a publicly accessible beneficial ownership registry by 2023
The End Snow-Washing Coalition applauds the fast-tracking of a publicly accessible beneficial ownership registry by 2023.
Report: Snow-washing, Inc.
Summary
Report
[This report was originally published on the website of Transparency International Canada, in collaboration with Publish What You Pay Canada. Our three organizations collaborate as The End Snow-Washing Coalition to fight tax-dodging, money-laundering, corruption and financial crime.]
Five ways the Liberals could improve the luxury tax
In 2019, the Liberals campaigned on a 10% luxury tax (additional excise tax) on the entire purchase price of luxury cars, boats and personal aircraft that sell for more than $100,000.