Archive for the ‘Governance’ Category
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Canada needs tax reform. Here’s where Ottawa should look to improve the system
So what should be the focus of tax reform? … corporate-personal income tax integration… The Carter Royal Commission… “comprehensive limits” proposal [re. retirement savings]… “A buck is a buck is a buck.” … Major improvements in enforcement against tax evasion… and even in detecting serious tax avoidance strategies… But tax cuts themselves are not tax reform… base broadening would be… a logical complement to a reduction in tax rates.
Tags: economy, featured, ideology, tax
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On small-business tax reform, Bill Morneau was more right than wrong
… tightening up the rules around income sprinkling, large passive investment portfolios held inside small business corporations, and conversion of dividends into capital gains – was sound… the Senators were right to also call for a big, independent study of the whole tax system, and not just one part of it, to consider major reforms for reducing complexity, enhancing competitiveness and increasing fairness.
Tags: economy, ideology, tax
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Justin Trudeau has unfinished business after Supreme Court pick
Martin is bilingual and has been at the forefront of arguing in favour of women’s rights before the courts. She is also known as an advocate for increasing the representation of minorities — including Indigenous people — in the legal profession and the courts… it is high time to see an Indigenous judge on the Supreme Court and the longer it takes the more pressing the demand will be.
Tags: ideology, Indigenous, jurisdiction, rights, women
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Liberals’ passive-income tax changes could bring in $6-billion a year: watchdog
The PBO numbers… showed that 1.3 per cent of CCPCs hold between $1-million and $2-million in passive investment assets and 1.6 per cent hold over $2-million. Yet those two categories represent nearly 90 per cent of all passive income earned by CCPCs… 60 per cent of all passive income – representing about $11-billion – is earned by CCPCs with no active business income, “suggesting they were set up solely for the purpose of generating income.”
Tags: budget, jurisdiction, tax
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Canada’s wealthy may have started a tax revolt, and Ontario is the first to notice
The provincial update revealed that personal income tax revenues in the country’s largest province were downgraded to come in nearly $2 billion lower than forecast in the spring budget, despite an upgrade in projected economic growth. No explanation was offered for this unusual set of circumstances — tax revenues should rise in a growing economy — but the suspicion is that high-earning Canadians are fed up seeing more than 50 cents on every dollar they earn over $200,000 taken by the taxman.
Tags: budget, economy, featured, ideology, tax
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Canadian tax hypocrisy that favours the rich must end: Broadbent
Tax avoidance and evasion by the rich ultimately undermines democracy: it starves social programs and public services, increases after tax income and wealth inequality, and further concentrates economic resources in the hands of a few… Ordinary Canadians have a right to be angry that the very rich are being pampered by our political elites. The response should be broad-based, progressive tax reform to make the system much fairer and more transparent.
Tags: budget, economy, featured, globalization, ideology, jurisdiction, privatization, standard of living, tax
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Paradise Papers tell a troubling story about money and power
The Paradise Papers are doing nothing to soothe those who worry about the unseemly intertwining of money and power in politics or about the extent to which the economy is rigged by the few against the many. The government can do something about that. It can, for instance, close unfair and ineffective tax loopholes and collect what’s owed. Or it can sit back, defend the current arrangements and watch the cynicism grow.
Tags: budget, crime prevention, economy, featured, standard of living, tax
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Good public policy doesn’t just happen. It takes hard work
Acting through the political process, governments try to resolve these competing judgments and choose their policy goals. This is a tough process… because there are always alternative ways to achieve that goal… First, a good policy achieves its stated objective… Second, a good policy has few undesirable side effects… Third, a good policy achieves its objective at the lowest possible cost… good policy needs to be communicated to the general public, whose support is needed for its implementation.
Tags: featured, ideology, participation
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Paradise Papers show Ottawa must crack down on offshore tax havens
… these revelations promise to deepen the longstanding problems of distrust and cynicism that inhibit needed tax reform and corrode our democracy… more than 3,000 Canadians are among those who made use of byzantine tax-avoidance schemes chronicled in the leaked documents. Most of these schemes are ethically dubious, some possibly illegal, and many might have been avoided had the government listened to the experts.
Tags: budget, crime prevention, economy, featured, standard of living, tax
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Ontario policing reforms will mean officers can be suspended without pay
The creation of an inspector general to monitor police services, penalties for officers who fail to co-operate in police watchdog investigations, and the ability to suspend officers without pay were part of an announcement Thursday to revamp policing and the police oversight system in Ontario…. Other proposed changes include: Greater SIU powers of investigation… Expanded SIU powers to lay criminal charges… Penalties for non-cooperation…
Tags: crime prevention, ideology, rights
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