A new IMF report calls for more progressive taxation to finance social spending, including increases to top marginal income tax rates, eliminating tax deductions that predominantly benefit higher incomes such as capital incomes, and installing inheritance taxes, wealth taxes, temporary income surtaxes and excess profits taxes.
29 April 2021
With his first 100 days in office as yet to pass, US President Joe Biden is moving without delay to introduce significant progressive tax reforms, which would end and reverse the decades-old race to the bottom on corporate taxes, and increase taxes on the wealthiest American households.
Canada could gain an additional C$11 billion+ in annual revenues from a global minimum corporate tax rate for multinational corporations at the 21% rate as proposed by US President Joe Biden, according to a study released today.1
Two of the country’s largest provinces recently missed an opportunity to improve social and economic conditions standing in the way of Canada’s recovery.
"I strongly urge the government to go further and remake the CIB into a truly green infrastructure bank for Canada. The bank should also set up funds and programs in other areas to provide low-cost public financing for things such as community renewable energy projects and energy retrofitting of public infrastructure buildings: schools, hospitals, public and low-income housing, municipalities, indigenous communities and some private and non-profit projects as well."
This International Women’s Day, Canadians for Tax Fairness joins its tax justice allies around the world in calling for progressive tax reforms to tackle gender inequalities.
The 2021 federal budget will be the most important in many decades.
12 February 2021
The pandemic saw the world’s 10 richest men grow $540 billion richer – enough to pay for vaccines for all, according to a new report by Oxfam.