The Fair Tax News, 10 March 2020
10 March 2020
As Canada struggles with low oil prices and the looming threat of a global recession, the federal government has an opportunity to fund climate action with tax justice.
Canada needs more progressive fiscal policies to reach gender equality
Canada still has one of the largest gender wage gaps of all OECD countries.
Annual Report 2019-2020
Summary
Report
WHY TAX FAIRNESS?
We need greater tax fairness to:
Reduce inequalities: The tax system should help reduce inequality, not contribute to it. Unfortunately, decades of tax cuts and tax loopholes have helped corporations and the wealthy avoid taxes. The top 1% now pays a lower overall effective rate of tax than all other income groups. By requiring the rich to pay their fair share, the government can promote greater equality with programs and benefits for lower-income households.
Presentation: Fair corporate taxes can help transition to a low carbon economy
There are a number of interesting developments we can look ahead to, and on which we have taken position.
Report: Financial Secrecy Index for Canada, 2020
Summary
Report
Despite some positive developments since the last report, Canada continues to play a role in the offshore system. The country still offers a very low effective tax rate for businesses and acts as a regulatory haven for the world’s extractive industries. Canada has a long history in the development of tax havens, but today it is becoming better known as a destination for money laundering (or ‘snow washing’), due to Canada’s weak rules over corporate transparency and beneficial ownership.
Canadians for Tax Fairness backs Resource Movement’s call to tax the wealthy
"We are the only G7 country without an inheritance tax. The richest 87 families have 4,448 times more wealth than the average Canadian family. By 10:09 a.m., Canada’s top paid 100 CEOs have earned as much as the average worker does all year..."
The Fair Tax News, 10 February 2020
10 February 2020
Canada recently dropped four points in Transparency International’s annual Corruption Perceptions Ranking, landing behind peers like Germany and Norway.
Expert panel recommends Canada level the digital playing field with tax on e-commerce giants
It's time for Canada to take a stand against large online multinationals and require them to pay their fair share.
How can we improve our tax system for working Canadians?
How does our system protect the rich while exploiting working Canadians? C4TF former Executive Director Toby Sanger argues that stronger measures against tax dodgers, tackling tax havens, redistribution of CEO pay, and investment in public services over private partnerships would go a long way to strengthening Canada's economy.
Related: Platform for Tax Fairness 2021, by Toby Sanger
The Fair Tax News, 9 January 2020
9 January 2020
In yet another delay of the progressive tax promises they made back in 2015, the federal Liberals have put off tightening one of the most regressive tax loopholes, the stock option deduction.