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.
Many of those objecting to the message that the wealthy should pay their fair share in taxes have been involved in schemes to allow large corporations or the wealthy to avoid taxes.
Alexandria Ocasio-Cortez's proposed top tax rates are also consistent with those recently proposed by one of Canada’s most prominent economists.
The secrecy that accompanies privatization schemes also makes it a lot harder to figure out when there are serious problems.
Canadians for Tax Fairness has continually advocated for the CRA to crack down on large tax avoidance operations, larger corporations and the wealthy and to stop being so heavy handed with less wealthy individuals, charities, and small businesses.
If we can make it harder for terrorists and organized crime to fund their activities, we reduce the risk to the public. Politicians who aren't willing to support a public registry of the beneficial owners of companies are lying if they turn around and pretend to be tough on crime or terrorism.
In 2017, Fiat Chrysler made a €3.5 billion (roughly Can$5.27 billion) profit. But in spite of the fact Fiat Chrysler is now profitable, the way the loan agreement was structured in 2009 means a loan that helped the company survive will be written-off.
On the list of countries operating CBI/RBI schemes, that the OECD feels have the potential to be used for tax dodging, are 2 tax havens that are popular with wealthy Canadians and large Canadian companies. These are Barbados and Panama.
What the Canadian Chamber of Commerce opinion piece doesn't mention is that more corporate tax cuts will make its wealthy members even richer.