United States President Joe Biden is serious about corporate tax reform. His administration proposes a big hike in the US corporate tax rate from 21% to 28%, closing down many tax loopholes and avoidance strategies, and establishing a global minimum corporate tax rate of 21% which would apply in all countries.
The Trudeau government should use its upcoming 2021 budget to cancel the $415 million that it plans to invest in the French pharmaceutical giant Sanofi. This $415 million investment, announced just last month, is a reckless use of public money.
From the fall of the Roman Empire to the American Civil War and its devastating aftermath, inequality has perhaps been history’s greatest scourge. My research as an historian shows that extreme inequality has time and again led to instability and widespread impoverishment. Unfortunately, this is what Canada faces today.
Canada would gain at least $11 billion per year in corporate tax revenue from a global minimum tax rate at 21% as proposed by US President Joe Biden, according to a study released today by international corporate tax experts.
Freight trucks play a critical role in our society by ensuring the smooth and efficient movement of goods. In fact, 90% of all consumer products and foodstuffs that move through Canada are moved by freight truck, including 80% of goods that come in from the United States, and more than 60% of our goods that go to the U.S.
Even before the pandemic, economists and organizations like the International Monetary Fund were sounding the alarm over excess wealth concentration and the need for more progressive taxation. The federal Liberals are hearing that message, but we need continued pressure from the public and opposition parties to ensure they follow through.
The purpose of this report is to underline the cost to the provincial governments of not addressing the needs of the population.
First comprehensive modelling report on how Canada can achieve net zero emissions by 2050 shows success relies on decisive action in the face of uncertainty
Canada has committed to achieving net-zero greenhouse gas emissions by 2050. Among other implications, “decarbonizing” the Canadian economy will require the winding down of coal, oil and natural gas projects across the country with potentially harmful effects for the hundreds of thousands of workers and dozens of regional economies currently dependent on fossil fuel production.
In response to a request for feedback, Isabelle Turcotte, federal policy director at the Pembina Institute, and Tom Green, climate solutions policy analyst at the David Suzuki Foundation, made a submission to Environment and Climate Change Canada regarding ECCC’s planned approach to the Review of the Output-Based Pricing System Regulations.