Thursday, July 11, 2019

Tax Fairness!.

Nearly a trillion dollars were moved by Canadian corporations to offshore places, including tax havens, through legal tax avoidance schemes in 2016. They moved as much as $25 billion from domestic tax coffers, according to a new study by the Parliamentary Budget Office. These findings which were released on June 19, by the Canada Revenue Agency that said uncollected taxes are about $26 billion each year. The PBO analysis focuses on legal tax avoidance, while the CRA focuses on illegal tax evasion. Together, the two studies suggest Canada is missing out as much as $51 billion in uncollected taxes annually. 

To quote, Toby Sanger, of Canadian's for Tax Fairness,'' Canadians are being robbed of investments to health care, child care, education and green infrastructure, all of which the government could afford if it were to get serious about cracking down on tax avoidance.'' 

The SPC have always said the capitalist class pays the brunt of taxes to administrate capitalism, but that doesn't mean they won’t try to get out of it.

Yours for Socialism, 
SPC contributing members 

No comments: