Posts Tagged ‘tax’
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Six actions G20 countries must take to grow the economy inclusively
If we are to grow inclusively, the G20 member countries must: – Combat tax havens; – Enforce the corruption of foreign officials act; – Prevent transfer pricing; – Ensure that royalty payments are transparent; – Require that impact-benefit agreements underpin business licensing; and – Fairly tax corporations in the countries where their activities take place and value is created… governments will lose their legitimacy if they fail to close the loopholes and enact preventative legislation… [But] the funds needed to implement inclusive growth are available.
Tags: budget, economy, featured, globalization, ideology, poverty, standard of living, tax
Posted in Policy Context | No Comments »
Don’t Reward Corporations for Donating Food Waste, Critic Says
The National Zero Waste Council — an organization whose membership includes local governments, businesses and non-profits — wants municipal governments to pass motions urging the Canadian government to create a tax incentive “for food producers, suppliers and retailers to donate unsold edible food.”… Some 40 per cent of the food produced in Canada gets wasted — about $31 billion worth of food, and enough of it is edible to provide 300 million meals, according to the council’s estimates.
Tags: budget, ideology, poverty, tax
Posted in Inclusion Delivery System | 1 Comment »
Tall order for Finance Minister Bill Morneau
Balance the budget in 2019-20 while “continuing to reduce the federal debt-to-GDP ratio throughout our mandate.” / Implement a promised middle-class tax cut by raising taxes on those earning more than $200,000. / Cancel “income-splitting” for families while retaining it for seniors / Bring in a new and enhanced Canada Child benefit / Enhance” the Canada Pension Plan / Mount a massive 10-year infrastructure program / pare back the Conservatives’ boutique tax credits…
Tags: budget, child care, economy, featured, ideology, Indigenous, pensions, poverty, standard of living, tax
Posted in Governance Policy Context | No Comments »
Trudeau’s promised ‘middle class’ tax cut excludes most Canadians
… the major gains from the “middle class” tax cut will go to individuals with incomes between $89,200 and $200,000, roughly the top 10 per cent, minus the top 1 per cent who will pay higher taxes to pay for the tax cut for those below them on the income ladder… The real losers over the past 15 years and more have been the middle- and lower-income earners who will not benefit much if at all from the new “middle class” tax cut.
Tags: featured, ideology, participation, tax
Posted in Inclusion Delivery System | 1 Comment »
Finance Minister Bill Morneau could be just what Parliament needs
In the past, he has written that the welfare state is big enough already, and that Canadian taxes are as high as they can go… he seems motivated by a sense of duty, coupled with a businessman’s zeal for problem-solving… Today, he has softened his views on stopping the growth of the safety net. As standard-bearer for Liberal economic policy, he enthusiastically touts the party’s pledge to raise the Guaranteed Income Supplement for single, low-income seniors; bolster the Canada Pension Plan; and ease access to employment insurance.
Tags: economy, ideology, pensions, standard of living, tax, youth
Posted in Debates | 2 Comments »
Justin Trudeau won by redefining what ‘good government’ can mean
… Trudeau often wasn’t speaking merely of skilfulness or efficiency. He meant morally good. Virtuous. Right. It was a little shocking to hear. It echoed the language of an earlier generation before the relentless Conservative assault on the size, scope and nature of democratic government impoverished our speech and slackened our hopes… it dramatically evoked the notion of a Canadian body politic with a conscience — and a national economy with a human purpose.
Tags: economy, featured, ideology, Indigenous, multiculturalism, participation, standard of living, tax, women, youth
Posted in Governance Debates | No Comments »
A better way to pay for the middle-class tax cut
The increase in the top rate is ill-considered… If the new Liberal government wishes to improve equity, it would be advised to go after the various tax preferences that undermine both economic growth and fairness in the tax system… by reducing some of the following: the small business tax deduction ($3.2 billion), lifetime capital gains exemption ($600 million), donation credit related to gifted securities ($52 million), flow-through shares ($125 million) and bringing capital gains tax rates in line with the top tax rate on dividends ($1.25 billion).
Tags: budget, economy, featured, globalization, ideology, tax
Posted in Governance Policy Context | No Comments »
The new arch capitalist is … your grandma
… capitalists aren’t who they use to be. Because more people are able to earn wages that allow workers to save for their retirement, the median pure capitalist — that is, someone who does not work and who derives her income from her asset holdings — is now a retiree, not a plutocrat. Plutocrats still exist, but any policy designed to suppress investment income is going to generate significant collateral damage among the elderly.
Tags: budget, economy, ideology, tax
Posted in Debates | No Comments »
These Liberals get economics
While it is possible to disagree with the Liberal platform on many points — for example, the narrative of a middle class in decline contradicts my reading of the evidence — its level of economic literacy is remarkably high for a political manifesto… Chrétien came to power campaigning against the consensus of opinion among economists… Justin Trudeau has not made that mistake.
Tags: budget, economy, globalization, ideology, tax
Posted in History | No Comments »
Keynes Comes to Canada
… having bought into deficit panic, center-left parties found themselves in an extremely weak position. Austerity rhetoric comes naturally to right-wing politicians, who are always arguing that we can’t afford to help the poor and unlucky (although somehow we’re able to afford tax cuts for the rich). Center-left politicians who endorse austerity, however, find themselves reduced to arguing that they won’t inflict quite as much pain. It’s a losing proposition, politically as well as economically.
Tags: economy, featured, globalization, ideology, standard of living, tax
Posted in History | No Comments »
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