Posts Tagged ‘tax’
What is the problem to which creating a wealth tax is a solution?
Tuesday, June 25th, 2019
The stock of wealth in a country is typically many multiples of the flow of income; its concentration in a few hands is likewise greater. The top one per cent earn roughly 20 per cent of America’s income, but control 40 per cent of its wealth. They also pay 40 per cent of the income tax, but never mind: by taxing their wealth as well, vast sums of money could ostensibly be raised from relatively few people, and at relatively low rates.
Tags: economy, ideology, standard of living, tax
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Why universal pharmacare will help get Canada’s drug costs under control — and why Big Pharma hates it
Saturday, June 22nd, 2019
It might be more accurate to say we can’t afford to go without it… The Hoskins report estimates an annual savings of about $5 billion in total drug spending once universal pharmacare is fully implemented… And it would strengthen employers’ ability to hire and properly compensate employees. Employer contributions to drug plans generally reduce worker pay.
Tags: economy, featured, Health, ideology, jurisdiction, mental Health, pharmaceutical, standard of living, tax
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Canadian corporations may have avoided $25-billion or more in taxes in 2018: PBO
Friday, June 21st, 2019
Canadian companies transferred more than $1.6-trillion in 2018 to low-tax countries known as offshore financial centres and conduits to these nations, according to a new report by the Parliamentary Budget Officer… if just 10 per cent of that amount was transferred to avoid taxes, that would mean Ottawa lost out on $25-billion in federal revenue. Billions more would have been lost in provincial corporate taxes.
Tags: budget, crime prevention, economy, featured, globalization, ideology, jurisdiction, standard of living, tax
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Wealth Tax A Flawed Idea With New Life: C.D. Howe Institute
Friday, June 21st, 2019
They find that wealth taxes add relatively little to what taxes on capital income can achieve, and that concerns about the social consequences of wealth concentration are better addressed by reform of existing capital income taxes and by considering wealth transfer (inheritance) taxation… In those few nations that continue to have a wealth tax, its proceeds have decreased over time.
Tags: economy, ideology, standard of living, tax
Posted in Governance Policy Context | No Comments »
Why are we forever chasing the dream of a universal drug plan?
Tuesday, June 18th, 2019
… derailed by opposing political agendas, fierce resistance from private insurers, public ambivalence and voter apathy… universal pharmacare isn’t merely about equity and ideology, but efficacy and efficiency… The challenge is to make those savings feel real, not notional… that cost-benefit tradeoff must be spelled out clearly to persuade people that the savings end up in their pockets.
Tags: budget, Health, ideology, jurisdiction, mental Health, participation, pharmaceutical, standard of living, tax
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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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Every child left behind: How education cuts fuel inequality
Friday, June 14th, 2019
… good fiscal sense includes eliminating inequalities that cost economies and challenge political stability. Stiglitz cites the OECD, which estimates that “in countries like the U.S., the U.K. and Italy, overall economic growth would have been six to nine percentage points higher in the past two decades had income inequality not risen.” And in a 2018 Gallup study, countries with greater income inequality, the Economist found, also report higher incidences of assault, theft and concerns about personal safety.
Tags: budget, economy, featured, ideology, jurisdiction, participation, tax, youth
Posted in Education Debates | No Comments »
Putting values into practice on pharmacare will come at a cost
Friday, June 14th, 2019
The catch is that there would be a massive shift of drug costs from private plans to public plans, an “incremental public cost” of $15.3-billion… Practically, it also means the feds would have to raise taxes by at least $15-billion a year. That, not poor values, is the single biggest impediment to national pharmacare. The other related hurdle is that a national plan would require an unprecedented level of federal-provincial-territorial co-operation.
Tags: budget, economy, featured, Health, ideology, jurisdiction, mental Health, participation, pharmaceutical, standard of living, tax
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Pharmacare today, like medicare 50 years ago, makes sense
Friday, June 14th, 2019
In terms of cost overall, most experts agree that a universal, single-pay system would save money for Canadians… But a universal public program would also shift costs from individuals and employers to governments… Canadians would pay more in taxes for universal drug coverage. But this tax increase would be more than compensated for by the out-of-pocket, administrative and cost savings associated with the move to public pharmacare.
Tags: budget, economy, Health, ideology, mental Health, participation, standard of living, tax
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New report provides the Trudeau Liberals with a blueprint for pharmacare
Friday, June 14th, 2019
There’s true pharmacare, as laid out by the advisory council chaired by Ontario’s former health minister, Eric Hoskins. Then there’s a paler version that seeks only to fill in the gaps by providing coverage for those who currently have none… Canadians already pay more for drugs than they do for doctors’ services and… drug costs are rising at an unsustainable 6.5 per cent per year. That has a big impact on both workplace plans and government drug benefits for seniors and the poor.
Tags: budget, economy, Health, ideology, jurisdiction, mental Health, participation, pharmaceutical, standard of living, tax
Posted in Health Debates | No Comments »
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