HIGHLIGHTS
1. Canadian corporate profit margins skyrocketed in 2021.
2. Profit margins have soared for both commodity and non-commodity companies.
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:
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.
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. ...
The End Snow-Washing Coalition applauds the fast-tracking of a publicly accessible beneficial ownership registry by 2023.
[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.]
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.
Canadians for Tax Fairness supports the call for a United Nations convention on tax, in line with a new proposal b