Posts Tagged ‘globalization’

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Countries reach agreement on corporate tax

Saturday, October 9th, 2021

More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15 per cent minimum corporate rate designed to deter multinationals from stashing profits in low-tax countries… The OECD said that the minimum tax would reap some $150 billion (U.S.) for governments… it would end a “race to the bottom” in which countries outbid each other with lower tax rates.

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Worried about your charity? Why WE Charity’s practice is atypical

Monday, August 30th, 2021

The WE controversy… offers a number of lessons. There is some urgency to update the regulations and oversight of charities that conduct business activities, particularly those using social enterprise arms rather than doing this work within the charity… Finally, it warns charities to be cautious where their conduct may trigger conflict-of-interest legislation or bring to light their practices under lobbying legislation. Being ethical is a broader concept than being legal…

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We broke down the hospitalization risk of going unvaccinated in Ontario. Here’s what the numbers say

Wednesday, August 18th, 2021

Unvaccinated Ontarians are ending up in hospital with COVID-19 nearly 20 times as often as fully vaccinated individuals and in the last week have been about 70 times more likely to end up in intensive care… there are more than six times as many unvaccinated patients currently hospitalized with COVID (68) as fully vaccinated individuals (11)… an unvaccinated Ontarian has been nearly nine times more likely to test positive for COVID than a fully vaccinated individual; they’ve been 19 times more likely to end up in hospital; and at the most serious end, the unvaccinated have gone to the ICU more than 70 times as often as the larger population with both doses.

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Good Theory, Good Practice: Seven Principles for a New Political Economy

Wednesday, July 7th, 2021

Mission Economy… speak[s] about how we can restructure the economy to tackle the biggest challenges of our world… There are… seven key pillars to a better political economy that can guide a mission­-oriented approach… one that encourages a mission­-oriented approach and builds an economy driven by public purpose and citizen engagement. 

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For Canada’s immigration detainees with disabilities, even fewer rights are afforded

Sunday, July 4th, 2021

Canada should stop holding people with disabilities in immigration detention… Canada should redesign the role of designated representatives by requiring them to provide support for decision-making. This could mean providing information in a simple and easily understandable way, in order to enable immigration detainees to follow the process and directly participate.

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A global minimum corporate tax is an important step toward fairness

Monday, June 7th, 2021

The whole idea of a minimum global tax is to prevent multinationals from tax-shopping, so it will be effective only to the extent that many countries agree to it. The next step is to get the bigger G20 group on board, and then there’s the Organization for Economic Development and Cooperation… the biggest companies that have flourished during the pandemic, should pay their share.

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Governments paid billions to help develop COVID-19 vaccines — so why is Big Pharma charging us billions more for the vaccines we helped create?

Thursday, June 3rd, 2021

If we think of war profiteers as being lower than a snake’s belly, what are we to make of the drug industry’s pandemic profiteers? … Canada, like other government funders in this global crisis, is not expecting to recover its costs in funding COVID-related medicine…  governments that fund research that is used in lucrative commercial drug production must demand a return on their investment. 

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Trudeau should join Biden in rejecting suffocating ‘trickle-down’ economics

Thursday, May 6th, 2021

Trudeau has shown some spine against the deficit hawks, but he has been timid about joining Biden’s campaign to tax the wealthy… Too bad. We could sure use the money to pay for needed programs. Besides, when nations co-operate, corporations have a hard time playing us off against each other in pushing for ever-lower taxes… if other countries follow the U.S. in policing their corporations this way “it’s the end of tax havens.”

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Budget 2021: A few steps forward on tax fairness, but much more needed

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”

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Throwing money at Big Pharma won’t guarantee vaccine supply

Thursday, April 8th, 2021

Now we’re poised to give Sanofi hundreds of millions of taxpayer dollars in the hope of ensuring a future vaccine supply… If we really want a biotech company we can rely on and that doesn’t hold a gun to our head, we should spend our money creating an enterprise that we actually own and control – a little secret learned by Cuba and, decades earlier, by the brilliant Canadians who created Connaught.

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