Bringing about a higher level of transparency and accountability in provincial and federal governments to help protect taxpayers from abuse
For every dollar corporations pay to the Canadian government in income tax, people pay $3.50. The proportion of the public budget funded by personal income taxes has never been greater.
At a time when Prime Minister Justin Trudeau has made tax fairness a centrepiece of his government, the Toronto Star and Corporate Knights magazine spent six months poring over tax data to determine how much income tax corporations are really paying.
Read more at Toronto Star
Canada’s 60 biggest corporations have more than 1,000 subsidiaries in offshore tax havens, depriving government coffers of up to $15 billion annually, according to a new report being published Wednesday.
The report, titled “Bay Street and Tax Havens: Curbing Corporate Canada’s Addiction” and prepared by the group Canadians for Tax Fairness, shines a light on one of the legal methods used by big corporations to reduce their taxes — tax havens.
Read more at The Toronto Star