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Wednesday, November 27th, 2024
To raise funds urgently needed to address the climate and affordability crises and curb growing monopoly power, we recommend the implementation of an economy-wide windfall profits tax that could raise over $50 billion from publicly traded companies and a monopoly profits tax that could raise $8 billion annually.
Tags: economy, standard of living, tax
Posted in Debates | No Comments »
Monday, October 21st, 2024
Rising corporate profits and falling corporate tax rates are related. Corporate tax cuts encourage higher profits by increasing the share of profits that shareholders get to keep. Proponents of cutting corporate taxes typically argue that it will promote investment and eventually lead to higher productivity. But, over the past 30 years, the opposite has happened. In the late 1990s, annual labour productivity growth was over 2%. Now, it is less than 1%.
Tags: economy, jurisdiction, tax
Posted in Debates | No Comments »
Friday, April 1st, 2022
The new Supply and Confidence Agreement between the Liberal Party and the NDP promises quick action on dental care, pharmacare and long-term care to bring about substantially better healthcare for all Canadians. It also ramps up investments in affordable housing and climate action. New funds need to be identified in Budget 2022 and beyond in order to make these commitments a reality.
Tags: budget, economy, featured, ideology, standard of living, tax
Posted in Governance Policy Context | No Comments »
Thursday, April 22nd, 2021
… the federal government could raise an additional $70 billion annually, by making our tax system more progressive, closing tax loopholes and tackling international tax dodging… “We’re glad this budget includes plans to close some corporate tax loopholes, including limits on interest deductibility, and increases funding for the CRA to tackle tax avoidance and evasion, but it’s time for the Liberal government to be much more ambitious, and have corporations pay their fair share of taxes”
Tags: budget, globalization, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
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