While Canada's reputation as a leading peacekeeping nation has taken a nosedive, we're punching above our weight on the international scene on a new front -- as a tax haven for the rich.
The Ontario NDP presented its comprehensive platform costing yesterday, including all policies announced during the election campaign.
Over at the Globe and Mail Economy Lab, our friend Stephen Gordon argues that there are only limited revenues to be gained by taxing the rich.
On Saturday, 2,000 people occupied Wall Street, protesting the virtually unregulated speculation of Wall Street that caused the global financial meltdown.
One of the first things I did after the HST referendum results came out was look at how different electoral districts voted. Was the vote split along income lines?
Now that the HST debate is over, it would be great to see some of the energy and focus dedicated to debating the HST be redirected to designing solutions to the real challenges facing B.C.
I've never endorsed the HST. That claim, made by business-funded HST advocates in B.C. trying to drive a wedge between unions in B.C. and in Ontario, is blatantly false.
Cash hoarding is a critical point in the debate about corporate taxes. If incremental after-tax profits are being deposited, lower corporate tax rates likely just produce higher piles of cash.
Overall, StatsCan estimates that corporations made as much as $17 billion on underground activity in 2008, about half of which was in the construction sector.
With much of the talk on taxes in B.C. about the HST, we issued a new report today that looks at the bigger context for B.C.'s tax system.