These figures are just the tip of the iceberg as they include only amounts corporations are reporting.
The amount of Canadian corporate assets in the top 12 tax havens soared to a new high of $381 billion in 2019, according to a report released today by Canadians for Tax Fairness.
We shouldn’t seek to return to the same economy that contributed to the growing concentration of wealth in the hands of a few.
Canada can manage the $343.2-billion deficit projected in today’s fiscal snapshot, but it needs new progressive taxes to ensure the cost of COVID-19 is distributed fairly.
The Canadian government has more than 2 billion reasons why it’s time to reform our tax laws and support fundamental changes to international corporate tax rules