Posts Tagged ‘tax’
« Older Entries | Newer Entries »
EU’s tax message to big companies: The game’s over
… the EU fired its first shot at tax-avoiding multinationals: those engaged in a form of fiscal villainy that apparently costs the world between $100-billion (U.S.) and $240-billion in lost tax revenues… known in accounting jargon as transfer pricing… The trick involves shifting taxable profits from one jurisdiction to another, perhaps by charging too much interest for an intercompany loan, or an exorbitant fee for a bit of internal management consultancy, until the profits have been siphoned from an operating subsidiary in a high-tax jurisdiction (where there are assets, jobs and real activity), and arrive in a tax haven, a letter box and an e-mail address in the Caribbean.
Tags: crime prevention, economy, featured, globalization, jurisdiction, tax
Posted in Policy Context | No Comments »
Put democracy and fairness at top of Liberal agenda
Ottawa has the means to leverage spending in a more productive and equitable direction. The centre has identified more than $25 billion in foregone taxes and giveaways to corporations and the affluent that it argues could be put to better use. Ottawa could boost the Working Income Tax Benefit, refundable tax credits, and the Guaranteed Income Supplement and Old Age Security. Improve Employment Insurance. Support provincial poverty reduction strategies. And invest in child care, transit, housing and higher education.
Tags: featured, ideology, participation, poverty, rights, standard of living, tax
Posted in Governance Debates | No Comments »
The causes of income inequality
In an open society, rewards are set… by impersonal market forces, the rewards of which will differ dramatically… Beyond [that] the entitlement state exists primarily to transfer wealth regressively, from the working-age population to the retired elderly… big, regulatory government inherently exacerbates inequality because it inevitably serves the strong — those sufficiently educated, affluent, articulate and confident to influence the administrative state’s myriad redistributive actions.
Tags: economy, poverty, standard of living, tax
Posted in Equality Debates | No Comments »
Trudeau’s victory is a triumph for decency
Millions were repelled by Conservative efforts to scare people into voting for the status quo… Trudeau spoke out fiercely and repeatedly for human rights… rejected a Tory economic model that left too many behind, and refused to be shackled by the conventional wisdom that budget-balancing trumps all. That progressive vision informed his promises of greater tax fairness, his bold investment in job-creating infrastructure and his pulling together of a generous, equitable child benefit from a hodgepodge of Tory programs that collectively favoured the affluent.
Tags: budget, economy, featured, ideology, immigration, poverty, rights, standard of living, tax
Posted in Governance History | No Comments »
Strong middle class vs. equitable society
What is missing? 1. A national early learning plan. A child’s life chances are largely determined by the age of five… 2. A national income floor. Wages and welfare levels have fallen below the poverty line… 3. A toolbox to curb corporate excesses… closing tax loopholes, cancelling subsidies, hiking government fees and letting lucrative contracts lapse… 4. A clear commitment to low-income Canadians that they will not be left behind.
Tags: budget, economy, featured, ideology, participation, standard of living, tax
Posted in Equality Policy Context | No Comments »
What a Liberal victory would mean for Canada’s economic policies
a minority government… would most likely require the support of the NDP to win confidence votes. The NDP will expect to see some of its policies implemented in exchange. The economic platforms of the two parties have significant overlap in terms of priorities, such as expanding the Canada Pension Plan, maintaining the age for qualifying for Old Age Security at 65, cutting the small-business tax rate from 11 per cent to 9 per cent, spending more on infrastructure and working with the provinces on a more aggressive approach to climate change.
Tags: budget, economy, globalization, Health, ideology, tax
Posted in Governance Debates | No Comments »
Social spending gap to favour seniors: election analysis
… the four major parties have all promised a significantly higher amount of new investment dollars by 2019/20 to Canadians over 65-years-old compared to their younger counterparts… the Conservatives will do 18 cents per person under 45 for every dollar they put into a retiree, the NDP will do 27 cents, the Liberals will be 28 cents, and the Greens will do 34 cents… “There’s lots of challenges with having to delay family planning or home ownership, the possibility of that is much less…
Tags: budget, economy, ideology, pensions, standard of living, tax, youth
Posted in Equality Policy Context | No Comments »
Thanks to the Tories, and you, taxpayers, for all this money you’re sending me
The Fraser Institute… identified 68 tax credits whose elimination would bring in an extra $20 billion a year to the federal coffers… as it’s been having all of you good people chip in a few hundred bucks to send my toddler to gymnastics, this is good policy. Some might even call it good conservative policy. Why the are the Liberals the only ones proposing moving us even vaguely in that general direction?
Tags: budget, ideology, standard of living, tax
Posted in Governance Policy Context | No Comments »
In international trade, it’s not really all about exports
… in free trade talks, the concessions are actually the gains… It’s about acknowledging the central role of consumers, and of competition for consumers’ custom, in driving businesses to lower costs and raise productivity — to specialize in areas of comparative advantage, and reap economies of scale from longer production runs… The objective isn’t to increase exports, per se… Rather, it’s to change the composition of GDP: An economy that trades relatively more of what it produces and consumes will be more specialized, other things being equal, and enjoy higher productivity as a result. Which is ultimately what underpins wages.
Tags: economy, globalization, ideology, participation, standard of living, tax
Posted in Debates | No Comments »
Recent Comments