Media release: Canadian economy urgently requires excess profits tax
For immediate release: November 25, 2024
For immediate release: November 25, 2024
Few single figures capture the power of corporations as well as the corporate profit rate.1
For immediate release: September 23, 2024
18 September 2024
Canadians are suffering from an ongoing housing crisis. While home ownership is increasingly out of reach for multiple generations, average rent prices are outpacing the cost of living, which is contributing to poverty, intimate partner violence, unsafe living conditions, and increased houselessness.
We are saddened to learn of the passing of the founder of Canadians for Tax Fairness, Larry Gordon.
2021 should have marked a turning point for progressive taxation in Canada. The COVID-19 pandemic laid bare the deep inequities within our economy.
Recommendations:
1. Implement a permanent excess profits tax to raise revenue from corporations who profited off the pandemic and discourage future crisis profiteering
2. Implement a minimum tax on corporate book profits