Canada is the 17th most secretive country in the world when it comes to financial transactions, according to an index released today by our partners at the London-based Tax Justice Network.
Canadians for Tax Fairness
Canadians for Fair Taxation promotes a progressive tax system, based on ability to pay, to fund the public services and programs required to meet our social, economic and environmental needs.
The reality is that the top 1% actually pay less of their income in all forms of taxes than the bottom 10%. Why? Tax loopholes.
Canada is not immune to sophisticated, multi-billion-dollar global schemes that involve money laundering and hidden assets.
The good people of Zug Switzerland allow Canadian company Cameco to pay them taxes even though the corporation has no material operations to speak of in the city.
there’s been a fair bit of reporting and editorializing commending the G20 for “tackling tax avoidance” by adopting “automatic information exchange” as a global standard, but there's much more to do.
As Prime Minister Harper heads to Russia, we have to ask: will tomorrow's G20 Summit make any progress reforming the way multinational corporations are taxed?
The University of Alberta wants to "reopen two-year collective agreements" with faculty and staff "to help the university balance its budget." This strikes me as a curious turn of events.
Japanese multinational corporations are prevented quite effectively from the use of tax havens by having a very simple law which was first enacted in the late 70's.
The world’s largest non-governmental organizations, labour and faith groups are “putting world leaders on notice – members of civil society are uniting for tax justice everywhere.”
Canadians will continue to lose a minimum of $7.8 billion a year if Prime Minister Harper and other members of the G8 fail to agree on a plan to tackle global tax havens.