VANCOUVER — A one per cent tax on wealth over $20 million would generate nearly twice as much revenue as previously calculated by the Parliamentary Budget Officer, money that could lift thousands of Canadians out of poverty and fund health, social and environmental programs says new research by the Canadian Centre for Policy Alternatives, BC Office.
In this issue:
When the CCPA was founded 40 years ago, it was in direct opposition to a handful of right-wing, “free market” policy groups who, despite being on the political scene for only a few years, had become influential in the halls of government and the news media. From their earliest days, these think-tanks aimed to weaken public faith in government’s ability to do good in people’s lives.
The Monitor starts off 2020—the CCPA's 40th anniversary year—with a direct attack on the Trudeau government's contradictory climate plans and the close connections between public officials and the fossil fuel sector. Will minority status and a rising Green New Deal movement change the government's course, or will it be just more business as usual?
Illustration by Remie Geoffroi
Facebook, Google, Apple, Amazon, Netflix and other tax-avoiding internet giants were in the news a lot this summer. Much of the credit for this can go to Emmanuel Macron. Despite pushback from big tech and U.S. President Donald Trump, the French president announced plans at this year’s G7 summit to introduce a 3% tax on digital revenues. Trump only backed down after Macron agreed to pay back some of these revenues once the OECD reaches a new agreement for taxing digital giants over the next year.
Canada’s income tax system has a lot going for it. On balance, its rate structure is progressive. While there are flaws in our system of self-assessment, such as underreporting of income or aggressive tax planning (to avoid taxes owing), most Canadians seem to be motivated to comply with tax rules.
You can’t assume that government budgets affect men and women the same way—or other groups for that matter—since men and women generally occupy different social and economic positions. Unfortunately, until very recently, governments have done exactly that—developing policies and assigning funding to them in a gender-blind fashion.
Wealth taxation is back on the progressive political agenda. It is both a refreshing new idea and a return to vogue of a policy established decade ago in Europe. Some remember it as part of François Mitterrand’s 110 propositions pour France, a joint electoral platform in 1981 with the Communist Party that carried him into the Élysée Palace. The solidarity tax on wealth survived multiple right-wing presidents, only to fall recently to President Macron.
Échec aux paradis fiscaux was founded in 2011 by a small group of unions and civil society organizations fed up with how easily corporations and high-wealth individuals avoid paying taxes. Slowly, the coalition has grown to the point that today, nearly all Québec’s unions are members, alongside a great number of other groups and two national student associations.