The richest 1 per cent got 87 per cent of the increase in wealth last year. The poorest 50 per cent got nothing.
This tax exemption for foreign companies means that they don't pay the same taxes as Canadian businesses on what they earn in Canada — Canadians for Tax Fairness
Successive federal governments have talked tough on crime, terrorism and tax avoidance, while doing nothing to change weak rules about transparency for corporate ownership that facilitated those activities. While more is needed, it is encouraging to see governments recognizing the need to shut down the snow haven.
"The growing body of credible evidence about income inequality is indisputable. But there is also a growing consensus among economists that inequality is not inevitable. It can be stopped if countries legislate progressive income taxes, and by aggressively investigating and stopping tax cheaters and tax avoiders." — Larry Brown, NUPGE President.
“There are some simple changes that can close the door to corporations using tax havens to avoid paying their fair share.” — Dennis Howlett, Executive Director, Canadians for Tax Fairness
“Each new release of statistics confirms our worst fears about the failure of the global economic system. The rich are getting richer, and income inequality is steadily growing. And what’s also morally unconscionable is that our elected representatives are doing nothing to stop it.” — Larry Brown, NUPGE President
“When companies using tax havens get government contracts or are allowed buy up privatized infrastructure, governments are effectively condoning tax havens” — Larry Brown, NUPGE President
“When working people . . . say what they need, they have the power to get it. Bill 148 is a significant step forward for workers’ rights, and I think every union, community group, and individual who helped make it happen should take a bow.” — Warren (Smokey) Thomas, OPSEU President
“These new statistics expose the grotesque and obscene failure of the global economic system. Despite all the fancy promises from our political elites, the rich are getting richer, and income inequality is growing exponentially. And what’s equally morally unconscionable is that our federal Liberal government is doing nothing to stop it.” — Larry Brown, NUPGE President