Posts Tagged ‘tax’
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The case against privatizing Hydro One
Wynne is no privatization ideologue, but she wants to use about $4 billion of the proceeds from the privatization to build public transit and infrastructure. These things need to be built, but is the solution to sell off vital public assets in order to build new vital public assets? Or is it time to begin reversing the tax-cut binges of recent decades that have left provincial and federal cupboards bare, while bestowing tax savings mostly on corporations and the well-to-do?
Tags: budget, ideology, jurisdiction, privatization, tax
Posted in Debates | No Comments »
How to stick it to the 1% (if you absolutely must)
The clamour for higher tax rates at the top end of the income distribution is all but deafening. So the new focus on “inclusive growth” is understandable… What the report suggests instead is raising the average rate of taxation that rich people face without raising their marginal rates. How do you do that? By leaving the rate schedule unchanged but removing tax exemptions and deductions that richer people make disproportionate use of.
Tags: budget, economy, featured, globalization, ideology, tax
Posted in Equality Debates | No Comments »
Revenue tools could have blunted growth in Ontario’s debt
Interest payments already represent the government’s third-largest expense, with debt servicing consuming more than what the province spends on post-secondary education. And the bigger the debt, the higher those payments, leaving less money for services that Ontarians want and need… Ontario’s mistake wasn’t to undertake this vital work; it was doing it by massively increasing the flood of red ink. A better way would have been to launch a series of bold new “revenue tools” designed to reduce the province’s need to borrow.
Tags: budget, economy, featured, ideology, jurisdiction, standard of living, tax
Posted in Governance Debates | No Comments »
Canada is the most tax competitive country for businesses in the world: KPMG
Canada has quietly become the most tax competitive country for businesses globally in all sectors including digital services, research and development, corporate services and manufacturing, according to a study by international tax firm KPMG… In fact, according to the study, all 17 Canadian cities on the list have lower total effective tax costs compared to the U.S. cities that made the cut… But despite Canada’s high ranking it’s worth noting that firms look at total cost, not just tax.
Tags: economy, featured, globalization, ideology, tax
Posted in Policy Context | No Comments »
Who Still Believes Postmedia Is Canadian-Controlled?
Postmedia’s escape from bankruptcy this week offers at least a tiny opportunity for critics who want the giant corporation’s grip on Canadian newspapers loosened… the U.S. hedge funds… get Postmedia at a discounted price… Our tax laws give Canadian-owned publications an advantage over foreign competitors… this week’s move gives the hedge fund lenders new shares equal to 98 per cent of the shares outstanding, further reducing the proportion of shares held by Canadians.
Tags: economy, featured, ideology, privatization, tax
Posted in Debates | No Comments »
Learn From Past Mistakes in Crafting New Health Accord
The federal government should recognize the limited success of past attempts to achieve healthcare reform with conditional transfers to the provinces and instead focus more on independent initiatives… authors Åke Blomqvist and Colin Busby suggest a variety of initiatives including the promotion of better information technology dissemination to providers and patients, and more systematic cost-effectiveness evaluations of new drugs and devices.
Tags: budget, featured, Health, ideology, jurisdiction, mental Health, tax
Posted in Health Debates | No Comments »
Ottawa should name and shame offshore tax cheats
The Americans have rightly determined that the public benefit of transparency outweighs the tax-avoider’s right to privacy. Canada should make public exposure a requirement of any deal it strikes with scofflaws. The benefits would be twofold: the naming and shaming deters other offenders, and the disclosure allows citizens to understand just how thoroughly they are being cheated — and thus how much work the government must do to restore tax fairness.
Tags: budget, crime prevention, economy, featured, globalization, ideology, jurisdiction, rights, standard of living, tax
Posted in Policy Context | No Comments »
Canada willingly makes tax deals with tax havens
The 92 tax treaties now signed with countries such as Barbados, Jamaica and Malta currently translate into billions of dollars moving out of Canada — nearly all tax free. This includes 22 tax information exchange agreements, where the sharing of tax information is intended to weed out evaders… Canadian academics, auditors general and politicians have all warned some of these treaties have essentially done little else but give legal means for Canadian companies to move profits offshore to financially accommodating jurisdictions where they can pay lower corporate taxes.
Tags: budget, economy, featured, globalization, ideology, standard of living, tax
Posted in Policy Context | No Comments »
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