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Photo: Cameron Donaldson/flickr
| April 25, 2014
| April 23, 2014

Are CEOs panicking over a new style of tax rage brewing?

Photo: imacgyv0r/flickr

It's rare that members of Canada's financial elite are so clumsy in revealing that their cage has been rattled.

Seemingly out of the blue this week, the head honchos of Canada's biggest companies, the Canadian Council of Chief Executives, put out a media release insisting that their taxes are not too low.

This defensive posture -- who mentioned murder? -- reveals they fear others may be slowly catching on to the massive transfer of wealth to the richest Canadians that's been going on for the past 14 years due to the systematic cutting of corporate tax rates.

Photo: Chris Campbell/flickr
| March 27, 2014
  Figure 1. Labour share of income in Canada, total employment and private secto
| March 5, 2014

A number is never just a number: Tax cuts 101

Image: Jared Rodriguez / t r u t h o u t

70 years

The last time Canadian federal tax revenues have been this low (as a share of the economy). (Source)


Top federal personal income tax rate for anyone earning from $136,270 to you name it. In 1981, the rate for anyone earning $119,000 or more (1981 dollars) was 43 per cent. (Source)

$2.5 billion

Photo: ptooey/flickr
| February 27, 2014
| February 24, 2014
Photo: Andreas Metz/flickr
| January 16, 2014
Photo: VJ Beauchamp/flickr
| January 9, 2014
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