The BC government has done the obvious things that had to be done to deal with their budget deficit. Taxes had to be raised.
The growing use of tax havens is costing Canadians an estimated $7.8 billion annually, the executive director of Canadians for Tax Fairness has told a Parliamentary committee studying the issue.
For years, multinationals have publicly complained that getting rid of tax havens would lead to "double taxation." Only activists were talking about the bigger problem of "double non-taxation."
The solution is not to hack and slash at services which are already only modestly funded. The real solution is tax and royalty reform to fix the hole in our revenue base.
The funds raised will be used to support global poverty reduction, climate change mitigation and adaptation as well as contribute to the general revenue of the countries involved.
New report from Parkland Institute highlights dangers and causes of rapidly growing disparity in Alberta
The multinational entertainment group cuts its tax bill but without making anything, anywhere, more efficient: it is simply a transfer of wealth away from taxpayers in Canada and elsewhere.
There is a simple solution to closing the fiscal gap, one that would also help to close the income gap between rich and poor. That is raising taxes on the wealthy.
To cure our economic ills, we need a good diagnosis and the right medicine.The problem with the Canadian economy is not too much government debt or too big a deficit.
The stock option deduction, which allows CEOs and executives to pay tax at half the rate of ordinary working income, is estimated to cost the federal government $725 million last year.