The economy has been a key issue in this campaign. And how – and who pays their taxes is an essential part of that discussion. So it would make sense that it would be a hot issue at Thursday’s leaders’ debate on the economy. But there’s a worrisome development. One of the world’s biggest tax avoiders is getting in on the election action. Google is partnering with the Globe and Mail to host a leaders’ debate on the economy.
Luxembourg has been a prime destination for Canadians looking for a tax haven.
Secretive. Discreet. Accommodating.
These features were so attractive that Canadian companies had $36 Billion there in 2013. That's just part of the $199 billion corporate Canada has shifted to the top ten tax havens to avoid paying tax at home. It may profit CEOs and stockholders. The rest of us are getting pretty fed up.
It is no surprise that taxpayers feel the system is stacked against them. Over the years, leaders of all political stripes have used tax fairness as a slogan and not a principle. Will Budget 2015 be any different? Not likely. That's a shame. Because while hard-working Canadians are the engine that drives the country, smart tax policy is the fuel that keeps it going.
Canada is a wealthy country. But wealth guarantees neither brains nor prosperity. The squandered opportunity of Canada’s resources and a delayed federal budget because of a dip in oil prices is a sad reminder of that.
The upcoming federal election is an opportunity to take stock and look for strong leadership on fiscal issues that go beyond the failed attempts at so-called austerity and boutique tax cuts. Canadians need to press political leaders to take a real stand on tax reform.
Charles Dickens knew a thing or two about tax fairness, corporate greed and income equality. So during this season of Black Fridays and Economic Action Plan ads, I revisited one of his most famous stories for a bit of inspiration. It got me to thinking. What would the Christmas ghosts say to Stephen Harper if they were to visit 24 Sussex Drive on Christmas Eve? What would we hear if we could eavesdrop on those midnight visits?
The Canada Revenue Agency has picked a fight with the wrong guy. Arne Sorbo is an unlikely, but very real tax hero.
His story is one of an ailing but feisty BC senior pushing back against unfair, disrespectful and ineffective practices of the Canada Revenue Agency. It has struck a chord with Canadians across the country.