The 0.01% vs. the rest of us
[Article originally published in Canadian Dimension.]
“Canada is a country with high levels of inequality.”
To the Financial Action Task Force in Paris, regarding revisions to Recommendation 24 and the Interpretive Note for Public Consultation on publicly disclosing beneficial ownership information:
Dear Sir or Madam,
It’s been a busy month in tax fairness, and it’s about to get busier as MPs return to Parliament.
The latest Speech from the Throne states plainly that “we cannot afford t
Angeli Galvez is a dedicated student at TMU (formerly known as Ryerson), where she is pursuing a degree in Economics and Finance. Her academic journey has been guided by a profound commitment to advocating for tax fairness and supporting the well-being of Canadians.
[This post has been adapted from a presentation by Canadians for Tax Fairness Director Toby Sanger at an event organized by CinemaPolitica Danforth and the Toronto-
The PERT’s tax recommendations are little more than window dressing, designed to make it look like all avenues for a Reset have been considered when in fact the choices made will reinforce income and wealth inequality and create the crisis the government is hoping to avoid.
Canada has just signed onto an OECD agreement that will give tech giants a massive tax break compared to what they would pay through Digital Services Taxes to many countries, including Canada. This agreement will then go for further approval to the G20 Finance Ministers meeting on 13 October and to the G20 Leaders Summit at the end of this month.
Toby Sanger from Canadians for Tax Fairness explains why tax avoidance has remained legal, and the knock-on effects for those who can’t afford to use them.
Related: Explainer: What are the Pandora Papers? , and our Campaign: Tackle Tax Havens
See: The Pandora Papers