What the EU Court of Auditors found was that, even though the public were paying €1.5 billion for cost overruns, they were also providing investors with returns of up to 14 per cent.
"The Sask Party may have a new leader, but it’s still trying to make people pay for its costly mistakes by cutting services that families rely on.”—Bob Bymoen, President of SGEU
The issues that weren’t addressed in the 2018 budget are ones the federal government doesn’t expect to get much attention or ones where people have become so discouraged that they are willing to settle for peanuts.
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