"There hasn't been any prosecution against KPMG for their role promoting this tax dodging scheme."
Canadians for Tax Fairness
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
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.
Tax evasion is not a “victimless crime.” The victims are everyone struggling when they can’t get the public services they need – whether it’s people experiencing hallway medicine, a student who can’t afford rapidly rising tuition fees or drivers worried about their safety after snow plowing services have been privatized.
This tax exemption for foreign companies means that they don't pay the same taxes as Canadian businesses on what they earn in Canada — Canadians for Tax Fairness
“The amount Canada loses to tax havens will drop when the federal government genuinely believes that helping a hungry child is more important than helping the wealthy avoid taxes.” — Larry Brown, NUPGE President
“Thanks to P3 privatization schemes, money that should be funding quality public services is ending up in tax havens.” — Larry Brown, NUPGE President
“One of the biggest differences we make in the lives of others is when we pay our taxes. It is our taxes that pay for the public services our communities depend on to survive. A corporation that is dodging taxes cannot claim to be morally responsible.” — Larry Brown, NUPGE President.
Growing concern that vested interests will scuttle this small but important step towards a fairer tax system.