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The Panama Papers and the box of cookies: Tracking the technology behind the leak

Photo: Girl Guides of Canada/flickr

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One of the most fascinating aspects of the Panama Papers investigation is the technology involved. The extent and the international complexity of the tax avoidance, tax evasion and money laundering would have been impossible without the electronic transfers, databases and encrypted communications available to contemporary financial institutions.

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Casino politics raise the stakes for U.S. elections

Photo: David Stanley/flickr

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"We are live at the Wynn Resort in Las Vegas!" So opened the first Democratic presidential debate of the 2016 electoral season -- that's right, in a Las Vegas casino.

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October 5, 2015 |
Many Canadians say they support raising the contribution ceiling on the Tax Free Savings Account. But it is only a wealthy minority who will actually benefit?
September 11, 2015 |
According to a CBC News report, a wealthy Victoria, B.C. family avoided paying tax on more than $26 million over a span of eight years.
Columnists

It's counterintuitive, but tax the rich, not the poor

Photo: Eric L/flickr

Take some money from the wealthy, give it to the poor -- why not do it? Basic accounting suggests that another $1,000 for a student with a $10,000 yearly income puts them further ahead than the same amount does for someone earning $100,000. After all, it gives the student a boost of 10 per cent, and the affluent person only one per cent.

In Canada, the small amount of income redistributed to the poor has long been a matter of public debate. Lately, the poor have been losing. The low-tax, small-government crowd, both Liberal and Conservative, have had control of the federal government for decades.

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Can we stop subsidizing executive stock options and enriching the rich?

Photo: Ahmad Nawawi/flickr

If you're a top executive at a major corporation, no need to read further; you'll know all this.

But if you're an ordinary person, you may not. You've probably heard of "executive stock options" -- a perk that allows corporate executives a special deal on purchasing the company's stocks.

And you may suspect that these stock options are connected to the rampant greed and corruption that have plagued the corporate world in recent years. If so, you'd be right.

Even leading business thinkers agree.

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Columnists

A number is never just a number: Billionaires

Photo: Thomas Hawk/flickr

1

There is one billionaire for every three million people in the world.

2,325

Number of billionaires in the world in 2014 -- a 7 per cent increase since last year and it represents an all-time record high. They control nearly 4 per cent of the world's wealth.

$7.3 trillion (U.S.)

Combined worth of the world's billionaires in 2014 -- up 12 per cent since last year. That's higher than the market capitalization of all the companies included in the Dow Jones Industrial Average.

25

Percentage of the world's billionaires living in the United States. It's the country with the most billionaires -- 571 of them.

38

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Wynne victory exposes fallacy politicians can't win proposing tax hikes for the rich

Photo: Premier of Ontario Photography/flickr

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Kathleen Wynne broke a number of taboos last week, proving it's possible to get elected premier of Canada's largest province while being a woman, while being openly gay and -- perhaps most surprising -- while openly defying the right-wing orthodoxy that's ruled this country for three decades.

It may be this last aspect of her victory that broke the most resistant taboo.

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The rise of a super-rich in Canada (and increase in inequality)

Photo: Curtis Perry/flickr
An immensely rich and powerful class right here in Canada is quietly amassing ever greater wealth and power to hand down to their heirs, who will be still richer and more powerful.

Related rabble.ca story:

Book jacket of Capital in the Twenty-First Century
| May 8, 2014
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