Canadians for Tax Fairness is counting down the top five tax fairness measures we want to see promoted in the parties’ election platforms. “Canada’s new government will be tasked with balancing spending on important social programs without adding to its red ink. Fortunately the government can raise billions in additional revenues simply by making the tax … Read more
Today’s Parliamentary Budget Officer’s report suggests Canada is losing $25 billion or more a year in tax revenues from multinational corporations avoiding taxes through tax havens. “Canadians are being robbed of investments to health care, childcare, education and green infrastructure – all of which the government could afford if it were to get serious about cracking down on … Read more
The corporate tax gap report from Canada Revenue Agency reveals widespread tax avoidance and evasion, particularly for larger corporations. “This report shows corporate tax dodging is costing the government billions in lost revenues, which in turn costs Canadians through reduced spending on social services such as healthcare and education,” said Toby Sanger, executive director of Canadians for Tax … Read more
Canadian corporations increased the money they report in Canada’s top 10 overseas tax havens by almost 10 per cent to a record high of $262 billion in 2018, according to figures released by Statistics Canada Foreign Direct Investment. “Despite all the leaks and claims of action to crack down on tax havens, corporate Canada’s use and abuse of … Read more
The tax expenditure report published April 11 by Finance Canada reveals that the federal government foregoes over $24 billion in annual revenues from just four of the most regressive tax loopholes. Canadians for Tax Fairness commends the federal government for its transparency in publishing this report and the inclusion of a gender-based analysis of personal … Read more
Canadians for Tax Fairness said Environment Canada is more deserving of public financial support than corporate Canada. Canadians for Tax Fairness vice president Chandra Pasma said the decision to cut 776 jobs at Environment Canada while continuing while continuing with unnecessary and outrageous multi-billion dollar tax cuts to large highly profitable corporations does not fund … Read more
Canadians for Tax Fairness, a newly formed organization promoting a fairer and more progressive tax system, said its time for a full review and public discussion of all options related to funding important public services and programs. Spokesperson Chandra Pasma said in recent decades the management of public finance has been largely driven by an … Read more
