Ottawa (25 Feb. 2021) — Last week, Canadians for Tax Fairness released a Fair Tax Recovery Plan demonstrating how the federal government could raise more than $70 billion in annual revenues by introducing progressive tax reforms in coming budgets.
Ottawa (28 Jan. 2021) — A new report has found that Revera Living, the second largest for-profit long-term care and retirement facility company in Canada, appears to be using a web of subsidiaries in tax havens to reduce the corporate income taxes that its subsidiaries in the United Kingdom pay. The report, Tax Dodging by a Canadian Crown Corporation: Revera Living Making a Killing, was produced by the Centre for International Corporate Tax Accountability and Research (CICTAR).
While many workers were laid off and had to rely on income support of $500/week during the pandemic, the stock market boom means half of CEOs will likely see an increase in their compensation for 2020.
This situation is yet another reminder of why having not-for-profit organizations take over public services like long-term care doesn’t solve the problem of underfunding. It just changes how the services are funded.
Ottawa (02 Dec. 2020) — Public Services International, the global union federation of public sector unions, has joined a global coalition working to address the many issues with Amazon’s business practices, including tax dodging and mistreating its workers. The campaign, Make Amazon Pay, is demanding changes to both Amazon’s company policies and government legislation.
Ottawa (01 Dec. 2020) — Rightfully, much of the focus of yesterday’s Fall Economic Statement was on the COVID-19 pandemic. There were some additional funds for the public health response, including PPE and vaccines, and more measures to support workers, families, businesses, and communities that are impacted by the lockdowns.
Ottawa (20 Nov. 2020) — A new report from the Tax Justice Network (TJN) estimates that tax dodging by multinational corporations and the wealthy is costing governments around the world over C$560 billion a year.
Ottawa (19 Nov. 2020) — This week, Members of Parliament voted against an NDP motion calling for a wealth tax and a tax on excessive corporate profits. The NDP proposal called for a 1% tax on wealth over $20 million and an excess profit tax. It was proposed that funds raised through these measures be used to fund income security programs, health care and housing.
It was defeated when the Liberal Party, the Conservative Party and the Bloc Québécois voted against it.
New polling from Environics Research shows the majority of Canadians support the government in making “major changes to fix long-standing problems in society,” such as inequality. Another poll in Quebec found the majority of Canadians are willing to pay more in taxes.