Posts Tagged ‘tax’
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Canada’s role in ‘snow washing’ money to evade taxes
In order to get hold of… Ultimate Beneficial Ownership (UBO) identification documents — you need to produce some evidence of apparent wrongdoing on the part of a target company to convince a magistrate to sign a disclosure order or warrant. But having gained access to a Canadian company’s records, you’ll often be faced with a total lack of UBO identifiers. Those UBO identifiers need to be made available: not only to frustrate tax evaders, fraudsters and money launderers, but potentially terrorists, who might use the anonymity associated with underregulated companies to fund their murderous activities.
Tags: budget, crime prevention, economy, featured, globalization, jurisdiction, rights, standard of living, tax
Posted in Governance Policy Context | No Comments »
Canada misses out on nearly $50 billion in tax each year
“Offshore is really big dollars from a smaller number of entities, but the majority of the tax gap is actually small amounts from a large number of people” … Aggressive tax avoidance — techniques that comply with the letter of a law, but contravene its spirit — as well as simple mistakes on tax filings and nonpayment of taxes round out the causes of lost tax revenues in the tax gap, according to the report.
Tags: budget, crime prevention, economy, globalization, jurisdiction, standard of living, tax
Posted in Governance Delivery System | No Comments »
Canadians are generous, but government spending on charities is not
The key problem for charities is not a decline in the generosity of individual Canadians, which has been quite steady in the context of a soft economy, but the general retrenchment of government social spending… the Trudeau government has promised to develop a “social innovation” strategy and to increase investment in “social infrastructure.” … a strong charitable and not-for-profit sector also requires strong public financial support.
Tags: budget, ideology, participation, philanthropy, standard of living, tax
Posted in Inclusion Policy Context | No Comments »
Bill Morneau pledges to spend — but first he has to cut
If the government plans to spend any money in this budget, it will have to be funded from new revenue sources — and there is likely to be a political cost to tapping those streams… Having ruled out taxing health and dental benefits, he may opt to eliminate the deduction on meals and entertainment that make corporate boxes feasible at hockey games, or kill the age amount tax credit claimed by people aged 65 and over.
Tags: budget, economy, ideology, tax
Posted in Governance Policy Context | No Comments »
Canada must not become a tax haven
Canada still lags behind other countries when it comes to stemming the flow of hidden money… last June [Britain] required corporate registrations to include the names of real company owners… rather than just front men or women. The records are listed in an online database that can be viewed by anyone, bringing much more transparency to the system… it’s high time for Canada to follow suit and make “snow washing” a lot more difficult.
Tags: crime prevention, economy, featured, globalization, ideology, jurisdiction, tax
Posted in Policy Context | No Comments »
Proposed public sector wage hikes for execs are out of line
… there’s no evidence that current salary levels, along with the other benefits of public-sector employment, are insufficient to retain top talent… Thibeault’s rationale for OPG could just as easily apply to hundreds of other public-sector executives who head up our health care networks and transit systems… Allowing huge increases for any category would likely set off out-of-control demands across the entire public service
Tags: budget, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
Health benefits tax off the table, Trudeau says
The finance department has been considering making employer-provided health and dental plans a taxable benefit, a move that could add more than $1,000 to the income tax bills of the 13.5 million Canadians who have such plans… But as word got out, opposition from the insurance industry, unions, medical associations and small businesses began to mount.
Tags: budget, economy, Health, ideology, participation, pharmaceutical, tax
Posted in Health Policy Context | No Comments »
Millions of Canadians will pay at least $1,000 more if Ottawa taxes health and dental plans, study finds
… most employee benefits are taxed but, for reasons lost in the mists of past public policy, health and dental coverage is not. The argument for taxation is that those without private health plans, often people on low income, are subsidizing those who have them, generally people in the public sector or those who work in large companies. Reforming the taxation of benefits has been advocated by the Department of Finance for years.
Tags: budget, economy, featured, Health, ideology, pharmaceutical, standard of living, tax
Posted in Health Debates | No Comments »
Globalization should be fixed, not junked in age of Trump
“if globalization is to benefit the majority, strong social protection programs must be put in place.” … They include changes in labour laws and employment insurance to better protect those in “precarious” work, as well as strengthening health protection with such badly needed measures as pharmacare. Social programs built in an era of long-term employment and work-related benefits must be refashioned to meet the realities of the new economy.
Tags: economy, featured, globalization, ideology, participation, rights, standard of living, tax
Posted in Policy Context | No Comments »
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