Posts Tagged ‘tax’
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Time to soak the seniors
in 1976, 37 per cent of all seniors lived in poverty. Today, it’s about 7 per cent – much lower than the poverty rate for children or any other segment of the population. Canadian seniors are among the most affluent people in the world… There are two simple ways to cut down on the elderly bias in spending… means-test our entitlements … Adjust the “retirement age”
Tags: featured, ideology, pensions, standard of living, tax, youth
Posted in Equality Delivery System | No Comments »
Dastardly debt clock gets Liberally resurrected
During the federal Conservatives’ run they posted deficits every year until 2015, when they were emphatically asked to leave by the electorate. Yet they were fired not because of their spending habits but because perceptions of cronyism, hypocrisy and mismanagement… Yet Canada didn’t face an imminent collapse of its economy because of debt acquired by the Conservatives. Nor has that circumstance changed with the election of the Liberals… That’s because national wealth grew faster than debt was acquired.
Tags: budget, economy, featured, ideology, jurisdiction, tax
Posted in Governance Policy Context | No Comments »
Different tax rules for wealthy and powerful
… 26 wealthy Canadians were offered full amnesty from prosecution or penalty after they were caught hiding at least $130 million in offshore tax schemes set up by the giant accounting firm KPMG… KPMG also appears to have gotten off scot-free, even though internal memos show that the firm planned to collect 15 per cent of all taxes dodged… Its tameness stands in stark contrast to the aggressive probing of the tax avoidance industry by a parliamentary committee in Britain and a congressional committee in the U.S.
Tags: budget, crime prevention, economy, globalization, ideology, tax
Posted in Equality Delivery System | No Comments »
Pay up, shareholders
2015 was a rough year for many of Canada’s resource companies, but that didn’t stop some boards from raising the amount they pay their CEOs, even as thousands were losing their jobs. Those who defend the practice say the larger paycheques are necessary to keep top executives in the fold in difficult times – while others believe it’s more important that corporate leaders share the pain being felt by their investors and employees.
Tags: economy, featured, ideology, privatization, standard of living, tax
Posted in Economy/Employment | No Comments »
Bold Reforms Needed for Business Tax System – Leading Tax Experts
“The problem is most capital income can be sheltered and therefore the system is not meeting its intended goal… The current system also places most of the tax burden on labour and distorts firms’ investment decisions, financing decisions, risk-taking and innovation efforts. The system desperately needs reform.” The authors recommend changing the tax base from shareholder income to above-normal profits, or revenues above the normal costs of doing business.
Tags: economy, featured, ideology, privatization, standard of living, tax
Posted in Debates | No Comments »
John Tory extends Rob Ford’s legacy of austerity
… the promise to keep taxes below inflation is just code for limiting tax increases on rich and middle class residents… The problem with making inflation the only factor in funding is that we already underfund many of our core services like transit and housing. Indexing the future funding of these services to inflation guarantees the permanent starvation of public infrastructure. And what for?
Tags: budget, ideology, jurisdiction, participation, standard of living, tax
Posted in Governance Debates | No Comments »
Time to rein in Canada’s tax code
Tax expenditures now amount to upwards of $100 billion annually; by some estimates, they comprise about one quarter of total government spending. Yet these measures have never been subjected to the kinds of accountability or evaluation that are applied to other government outlays… not even the finance department seems to know exactly how much money is foregone or whether these giveaways achieve their objectives.
Tags: budget, economy, featured, ideology, tax
Posted in Governance Policy Context | No Comments »
Response to Tax Dodging by Rich Will Show Trudeau’s True Colours
Better to have the justice department prosecute the small fish and cut deals with the wealthy. But this isn’t justice — it’s expediency. The CRA and the justice department have a moral obligation to the Canadian people to name and prosecute those who have grossly and arrogantly flouted the law… Regrettably, there is a distinct lack of public outrage at this disgusting display of privilege, contempt for the public interest and for the law.
Tags: crime prevention, economy, featured, globalization, ideology, standard of living, tax
Posted in Equality Delivery System | No Comments »
Canada joins alliance to crack down on corruption
Canada is joining the United States, Britain and three other countries in setting up the International Anti-Corruption Coordination Centre to crack down on global corruption and recover looted assets… The announcement came at the start of an anti-corruption summit in London. The conference is being attended by about a dozen Prime Ministers and Presidents from around the world… [with] topics including corruption in sports, tax evasion and money laundering.
Tags: crime prevention, economy, featured, globalization, ideology, jurisdiction, standard of living, tax
Posted in Governance Delivery System | No Comments »
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