“Corporate tax cut benefits have trickled up, not down while Canadians have paid the price through cuts to public spending. They’ve been a multi-hundred-billion-dollar failure.” — Toby Sanger, Director of Canadians for Tax Fairness
When the rich and powerful use tax havens to avoid paying their share, the money going into their overseas bank accounts is effectively coming from public services that could be making life easier for people who are struggling.
“If a party isn’t willing to make the tax system fairer by making large corporations and the wealthy pay their share, people are right to ask about whether that party is serious about keeping promises to protect or enhance services.” — Larry Brown, NUPGE President.
A report by Canadians for Tax Fairness Bay Street and Tax Havens revealed how over 90% of Canada’s largest corporations have subsidiaries in tax havens.
"There hasn't been any prosecution against KPMG for their role promoting this tax dodging scheme."
Ottawa (17 May 2019) In its weekly newsletter, Canadians for Tax Fairness has reported that, according to the Auditor General of Canada, Canadian businesses are at an "unfair disadvantage" because the tax system has not kept pace with the digital economy. While Canadian companies are required to collect and remit sales tax on top of income tax, foreign e-commerce corporations such as Netflix and Facebook are not.
“These tax loopholes overwhelming benefit high incomes earners and the wealthy, allowing them to pay lower rates of tax than ordinary Canadians do on their employment income” — Toby Sanger, executive director of Canadians for Tax Fairness
"The revenue from our taxes goes to paying for the quality public services and programs that, as individuals, most people could never afford on their own. Our public services are a epitome of our commitment to care for each other." — Larry Brown, NUPGE President
These alternatives would bring down the deficit and leave most Ontarians better off than the cuts the Ford government is proposing.
When money gives the wealthiest 1% that kind of power, the rest of us are second-class citizens. Stopping the wealthy from buying their way to the front of the line means reducing income inequality. And a crucial step to reducing income inequality is ensuring large corporations and the wealthy pay their share of taxes.