Archive for the ‘Debates’ Category
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Canadian companies failed to pay billions of taxes owed, new CRA report reveals
Tuesday, June 18th, 2019
Canadian corporations failed to pay between $9.4 billion and $11.4 billion in taxes in 2014, according to the first comprehensive analysis of the country’s corporate “tax gap” — the difference between taxes legally owed and those collected — being released today by the Canada Revenue Agency. That means 24 to 29 per cent of all the corporate income tax legally due in Canada didn’t get paid that year.
Tags: budget, crime prevention, economy, featured, globalization, jurisdiction, tax
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Austerity and the Decline Of The Collective
Monday, June 10th, 2019
1. Austerity is toxic. 2. It is built on a lie, and on a withered idea of freedom and a hollowed out notion of citizenship. 3. Austerity is self-perpetuating, trapping us, stunting our political imagination. 4. We nevertheless do have alternatives… big change is urgent, and bold is exactly what’s needed if we are to meet our challenges and break out of the austerity trap. 5. A new generation of leaders is giving us reason for hope, though clearly there’s no reason for complacency.
Tags: budget, economy, featured, ideology, participation, poverty, privatization, rights, standard of living, tax
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Costs of Ontario climate plan would be double Liberal carbon tax, raise household costs: report
Tuesday, June 4th, 2019
The Clean Prosperity report found that the cost of the Ontario plan would be more expensive largely because it would “cherry pick” certain sources of emissions to cut and would cost $334 million in 2022, or $62 per tonne of greenhouse gas emissions removed. The federal plan would cost $214 million in 2022, or $40 per tonne… Economists say economy-wide taxes are the most efficient way to lower greenhouse gas emissions.
Tags: budget, economy, ideology, tax
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Closing the Biggest Money Laundering Loophole
Friday, May 31st, 2019
Unfortunately, Canada’s anti-money-laundering laws are among the weakest of Western liberal democracies. We have no public registry of beneficial ownership and we generally don’t require any beneficial ownership disclosure whatsoever. That makes us doubly attractive to international money launderers… as more countries implement public registries of beneficial ownership, more of the world’s dirty money will be redirected to Canada.
Tags: crime prevention, economy, globalization, jurisdiction
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Carbon tax smackdown: what is this argument really about?
Saturday, May 25th, 2019
… carbon taxes, so far as they raise the prices of things, impose an especially heavy burden on the poor. That would be a real concern, if the federal government were not also providing rebates covering the cost of the tax… The precedent for this was the GST tax credit, which like the carbon tax rebate more than compensates poor families for whatever it adds to the cost of living…
Tags: economy, featured, globalization, Health, ideology, tax
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Don’t fear Canada’s economic transition – our new economy is already here
Friday, May 24th, 2019
Oil and gas have never really defined Canada’s economy. Crude oil, for example, accounted for just 2.6 per cent of Canada’s GDP as of 2017… Canada’s clean-energy sector employed 298,000 Canadians as of 2017… It spans industries – electricity, efficient buildings, clean vehicles – and unlike some sectors, such as auto manufacturing in Ontario, clean energy is spread across the country.
Tags: economy, ideology, standard of living
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Why Canada saw a 60% increase in foreign direct investment last year
Thursday, May 23rd, 2019
… even more important to global capital flows is talent – the new currency attracting more and more investors. Again, Canada is leading the way. Our universities, colleges and vocational institutions continue to produce top-tier talent that fuels this country’s growth…. in 2018 a record high 572,415 international students came to Canada. These students can now fast-track to permanent residency and continue building Canada’s status as the world’s most educated work force.
Tags: economy, globalization, participation, standard of living
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Traditional Economics Has Absolutely Screwed Us
Monday, May 13th, 2019
Conventional capitalism is failing because it considers the services provided by nature such as oxygen and food production as free and limitless. Only an economist could fail to see how a collapsing biosphere might be bad for business… The UN study found that $325 billion in subsides shoveled at the fossil fuel industry around the world actually result in $5 trillion in costs to degraded natural systems on which our survival depends.
Tags: economy, globalization, ideology, standard of living
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Ford’s deficit hype conceals Ontario’s dirty secret
Thursday, May 9th, 2019
… Ontario already has the lowest program spending (per capita) among Canada’s 10 provinces — before Ford’s spending cuts click in… While the provincial average for revenue (per capita) is $12,373, Ontario only collects $10,415 (per capita) — a significantly smaller amount… And Ford is making the problem worse by cutting taxes a further $3.6 billion a year… Ford’s measures — despite his claim to be acting “for the people” — redirect resources from ordinary people to corporations and the rich.
Tags: budget, featured, ideology, standard of living, tax
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If you don’t have a plan for the environment, you don’t have a plan for the economy
Tuesday, May 7th, 2019
Tackling climate change is a marathon, not a sprint. It requires transforming our economy, our workforce, and our communities though new thinking, smart technologies and an all-hands-on-deck effort led by youth, Indigenous peoples, farmers, entrepreneurs, investors, new Canadians and others… Our climate is changing. We can too.
Tags: economy, ideology, jurisdiction, participation
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