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.
“This pandemic has demonstrated that inequities in our society place some populations — and ultimately, all Canadians at risk. No one is protected from the risk of COVID-19 until everyone is protected.” — Dr. Theresa Tam, Chief Public Health Officer of Canada
When billionaires are wealthier than ever before, making cuts to public services that will penalize low- and middle-income people to pay for the costs of the COVID-19 pandemic is obscene.
Ottawa (16 Oct. 2020) — While most of the world’s population is struggling to get by, the very wealthy are now richer than ever before. According to a report from UBS, a multinational bank based in Switzerland, the holdings of the world’s billionaires are now worth US $10.2 trillion, or about C$13.56 trillion. This is higher than the previous record of US$8.9 trillion.
An excess profits tax, which we had during both world wars, would raise revenues and prevent pandemic profiteering.
For the public, privatization means we’re paying twice. Once to make up for the revenue governments lose when wealthy corporations and individuals are able to use tax havens and then again because privatization means higher costs and poorer service.
“Now is the time for a universally accessible, publicly funded, not-for-profit, and high quality child care system that fairly compensates workers in a unionized workforce.” — Larry Brown, NUPGE President
“Hiding mistakes means we can't learn from them. Stephen McNeil must show leadership and give the staff, residents and families what they deserve — a full public inquiry.” — Jason MacLean, NSGEU President
“Provinces must play their part in inflating the economy, not contribute to the further deflating of our economy." — Larry Brown, NUPGE President