As Pfizer pressures Ottawa for tax breaks in the upcoming federal budget, its full year financial results for 2020 show the company continues to pay very little in taxes while raking in billions in profits.
A new study out of the U.K. has provided further proof that corporate tax cuts have been a multi-billion-dollar failure.
Canada Revenue Agency’s tax gap report today confirms that investments in compliance and enforcement pay off, but the federal government must do more to close the tax gap, particularly for large corporations.
Cargill Ltd, which operates the High River, Alberta slaughterhouse that is Canada’s single largest COVID-19 outbreak, has another dirty secret: it channels most of the profits from its Canadian operations to its American billionaire owners through holding companies based in the tax haven of Luxembourg.
The Canadian Centre for Policy Alternatives (CCPA) annual CEO pay report reveals that a disturbing number of Canadian corporations now pay their top five executives more than they pay in corporate income tax.