Posts Tagged ‘tax’
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You’re more conservative than you think
The Great White North is a much more economically mobile country than the U.S., which is increasingly an aristocratic society of fixed classes… If your father was in the top 10 per cent of U.S. earners, you’re likely to be rich yourself. But if your father was in the bottom 10 per cent. he’ll likely pass on his poverty to you. The American dream, the idea that it’s a country where everyone has an equal chance to get ahead, isn’t dead. It’s simply migrated to Canada.
Tags: economy, featured, ideology, participation, standard of living, tax
Posted in Equality Debates | No Comments »
Liberals should reconsider this capital-gains oversight on donations
In the United States, gifts of appreciated capital property are exempt from capital-gains taxes. Removal of this barrier would also help Canadians donate more, as our per-capita donations are one half of donations by Americans… All stakeholders strongly recommend the Liberals consider implementing this important measure in the 2017 budget.
Tags: budget, Health, ideology, mental Health, philanthropy, standard of living, tax
Posted in Inclusion Policy Context | No Comments »
A review is nice, but it’s time for Canada’s 30-year tax revamp
… the aim of tax reform should improve the tax structure, given that a certain amount of money is needed to “feed the beast.” A framework would enable governments to adjust taxes over time to achieve better results. Those countries that have had better growth rates are also those that rely on consumption-based taxes, rather than income and transfer taxes… The Canadian tax system is fraught with distortions and complexity built up over the years.
Tags: economy, featured, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
How Ontario smothers businesses with bureaucratic love
… the province had no idea how much it was spending, where or on what… too much in tax credits rather than cash and too much for big, established firms… The practical effect of spending billions of dollars encouraging innovation is to employ several thousand officials to patrol the economy… Maybe if government increased the return to successful innovation… by limiting its confiscation of the fruits of that innovation to a fifth or a tenth rather than a half…
Tags: economy, ideology, privatization, standard of living, tax
Posted in Policy Context | No Comments »
Crackdown on Canada’s tax dodgers should include naming and shaming
The plans include a wholesale CRA crackdown on tax evasion on the Isle of Man, to be followed by more such crackdowns on tax havens. The CRA is also hiring more auditors and lawyers to focus on “high-risk” taxpayers and multinational corporations who use tax havens. The agency expects to recover more than $900 million from these sources alone. Beyond that, the CRA is setting up a special, independent committee to advise on offshore tax evasion and aggressive tax planning.
Tags: economy, featured, globalization, ideology, jurisdiction, rights, standard of living, tax
Posted in Equality Delivery System | No Comments »
Tax avoidance isn’t just bad apples – systemic poaching requires systemic fixes
In addition to facilitating tax evasion by individuals, many states vie to attract corporate capital. They do so in two ways: Offering low or zero taxes on the profits generated elsewhere, or luring the economic activity in question to their jurisdiction… attracting individual portfolio capital and corporate paper profits have one thing in common. As the OECD puts it, they “poach” capital from the tax base of the state that has a right to tax this capital
Tags: budget, crime prevention, economy, ideology, jurisdiction, standard of living, tax
Posted in Equality Debates | No Comments »
Keep doctors off Ontario’s Sunshine List
Billings and earning are very different things. Consider a family doctor who bills $300,000 a year. With that $300,000, she pays for a secretary, a nurse who comes in once a week, a modest office, which she shares with another doctor, insurance and all business expenses. A public-sector employee earning $300,000, though, has his office, business expenses, pensions and benefit contributions paid for with taxpayers’ money.
Tags: budget, Health, ideology, mental Health, tax
Posted in Governance Debates | No Comments »
Buried report reveals corporate giants gained the most from billions spent to support business in Ontario
Of the nearly $5 billion a year Ontario spends on various direct and indirect business subsidies and tax credits, 200 of the province’s oldest and largest companies are the biggest beneficiaries… According to the “Report of the Expert Panel Examining Ontario’s Business Support Program, … Ontario’s business support programs favour the largest and oldest companies, the companies least likely to be in need of support.”
Tags: budget, economy, globalization, ideology, jurisdiction, privatization, standard of living, tax
Posted in Debates | No Comments »
Crack down on global tax havens
Apart from cracking down on outright cheats, the major economies need to rethink tax treaties that allow jurisdictions… to flourish as tax havens. There needs to be a lot more transparency and accountability about the tens of trillions of dollars that are being routed through these havens, or parked there, to avoid paying taxes. There’s some concern, too, that Canada is adding to the global problem by making it too easy to create shell companies here.
Tags: economy, featured, globalization, ideology, jurisdiction, privatization, standard of living, tax
Posted in Debates | No Comments »
A national carbon tax is the better way to square the Liberals’ deficit circle
Sooner or later, there will have to be a reconciliation of revenue and spending… Instead of an increase in the GST rate, a better option is some version of a national carbon tax… A carbon tax ramping up over the next decade to, say, $120 for every tonne of emissions would raise about 2 per cent of GDP annually when fully in place… Admittedly, this is not a revenue-neutral proposal that offsets carbon revenue with reductions in other taxes.
Tags: budget, economy, ideology, tax
Posted in Debates | No Comments »
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