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
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.
“We have been pressing the government to fix the flaws in the Voluntary Disclosures Program that led to the offer of a sweet deal to wealthy individuals using the KPMG Isle of Man offshore tax scheme, even though the government was taking KPMG to court to get the names of those clients" — Dennis Howlett, executive director of Canadians for Tax Fairness
“It’s time for the Canadian government to review and renegotiate tax treaties with havens that enable this behaviour.” — Dennis Howlett, executive director of Canadians for Tax Fairness
“It is too early to be certain whether this dip is an emerging trend, or just a blip as has happened before. But this could be a sign that global efforts to curb corporate profit shifting to tax havens may be paying off." — Dennis Howlett, executive director of Canadians for Tax Fairness
It goes without saying that Bombardier, the Royal Bank, the TD Bank, Potash Corporation are not emerging companies or start ups and their wealthy CEOs do not need subsidies from regular taxpayers.
“Why does anyone need an anonymous company, except to do something sketchy?” says Dennis Howlett, executive director of Canadians for Tax Fairness.