Us Canadians need to live up to the stereotype that we are a nice, peaceful, and safe country. Clearly the so-called trucker protest tarnished our reputation, but in financial circles our reputation is tarnished thanks to our neglect of corporate accountability. Internationally Canada is seen as a great place to
Continue readingTag: tax
Things Are Good: Taxing Sugar Drinks Works if the Tax is Known
Soda taxes get proposed often, and they have varying levels of success depending on how they are implemented. A new study reveals that when people are made aware that the sugar tax impacts the price of products they stop buying the unhealthy product. If you educate people then they act
Continue readingThings Are Good: Pandora Papers Resonate in Canada
The Pandora Papers were released just last week and they are already having in impact in Canada. The non-profit Canadians for Tax Fairness is pushing the recently elected politicians to get on closing loopholes and exploits that only the rich get to use. All parties support tax reform to address
Continue readingThings Are Good: G7 Nations Agree on Minimum Corporate Tax
Corporations love keeping their shareholders money instead of contributing to society, and it’s the role of governments to ensure that corporations do their part. Usually this comes in the form of taxation. Multinational corporations create multiple subsidiaries to obfuscate and obstruct the ability of governments to collect tax, it’s the
Continue readingThings Are Good: Evidence is in: Green Policies Improve Economic Performance
Short-term thinkers who put quarterly profits above all else consistently argue that caring for the environment destroys business. They are wrong. The evidence keeps growing that planet (and people) friendly policies encourage economic growth while also forcing companies to increase their efficiency. It’s a win-win for businesses and the planet.
Continue readingThings Are Good: IMF: Raise Taxes on the Rich, Lower Taxes for Everyone Else
Historically, the International Monetary Fund (IMF) argued for lower taxes for everyone, particularly those that need it the least: the wealthy. Due to increases in multiple forms of inequality since the last global recession the IMF has changed its tune. The institution now calls for countries around the world to
Continue readingWritings of J. Todd Ring: Six Founding Principles Of Good Government
Or, Public Policy 101: Tax “Bads”, Not Goods Public policy, or government policy, should reflect certain basic principles. Let’s set out a few. Not everyone will agree, but polls repeatedly show the great majority, from the moderate grassroots right, across to the left, in general agree, and in general strongly
Continue readingWritings of J. Todd Ring: Why The Left Is Once Again Wrong
Also happening now, and further showing the continued failure of the left: the left is shouting in defence of payroll taxes – which kill jobs, as they are a tax on hiring and employment, as well as a regressive tax that hurts small and medium business the hardest. The
Continue readingThings Are Good: British Columbia’s Carbon Pricing Works Well
British Columbia shows carbon pricing works while another province looks uselessly backwards. The regressive and antidemocratic Ontario “conservative” government is set to sue the Canadian government for protecting the environment. The argument by the Conservatives is basically that an economy allowed to inefficiently consume non-renewable resources is good and that
Continue readingThings Are Good: The Panama Papers Worked
Tax evasion is a problem in every country and it’s up to teams of investigative journalists to expose mass illegal international operations. A few years ago the Panama Papers exposed an efficient tax dodging operation by a large group of wealthy people. The results of the exposure from the Panama
Continue readingThings Are Good: Fight Inequality by Taxing Corporations
Unless you earn more then $200,000 a year corporate tax cuts likely make your life worse. Even though it’s a myth, it’s long been argued that by cutting taxes for wealthy companies jobs will magically pop into existence. Indeed, this myth is so pervasive in modern capitalism that we’re increasing
Continue readingThings Are Good: California Launches Improved Reverse Income Tax Scheme
California’s welfare system (EITC) includes subsidies sent annually for people living without income and that’s about to change. Under new rules the money given to people who earn less than minimum wage will be sent monthly. This is really good since it provides a stable, reliable, and regular sum every
Continue readingThings Are Good: Time for a Tobin Tax on Financial Transactions
High frequency trading increases volatility in stock markets and mean that only those with access to high-powered computers can compete. This is not good for long-term thinking and means that what a company actually does is irrelevant to the stock performance – contradictory to claims about how the market ought
Continue readingThings Are Good: These Millionaires Want Higher Taxes
When it comes to taxes Americans love not paying them, but now some millionaires want to change that. The Patriotic Millionaires call on the rich to pay their fair share, and they call for that attitude to permeate the globe. Developed nations tend to tax money made through labour at
Continue readingThings Are Good: It’s Time to Tax Car Drivers by the Kilometre
The RAND Corporation is calling for a new way to tax drivers in the states: by distance traveled. Car drivers may feel like they’re paying too much in taxes already, but the reality is that the costs of maintaining road infrastructure are far greater than revenue from vehicle-specific taxes. In
Continue readingThings Are Good: Using Math to Solve for Inequality
Inequality has been increasing globally for years, and developed nations have seen inequality rise in rates comparable to the start of the great depression. This situation is understandably problematic and worrisome. Accordingly, a lot of thinkers have looked into the problem, most solutions come down to some level of redistribution
Continue readingThings Are Good: Alberta’s Carbon Tax Brings Cash to Great Programs
The Canadian province of Alberta is best known for the tar sands and the damage extraction of the bitumen has done to the planet. The province is now aware that their extraction economy won’t last forever because it isn’t renewable, so they have started to implement policies to make their
Continue readingMichal Rozworski: “Investment” versus investment
Surprise! A new investigation by the Toronto Star and the CBC found that recent treaties with tax havens like the Bahamas and Panama aimed at more “transparency” have just made it easier for corporations to evade ever more taxes. And Canadian corporations have obliged this golden opportunity. “Investment” abroad has ballooned all the while the […]
Continue readingWritings of J. Todd Ring: The real costs of fossil fuel-powered vehicles – and the alternatives to them
There is some rising concern, and at times vitriol, about electric car drivers not paying their fair share, because they buy no gas, and therefore do not pay gas taxes, which go to maintaining roads. While this is true, it is only a sliver of th…
Continue readingJoe Fantauzzi: The Political Economy of The Sharing Economy
Introduction Today, getting a lift to the store is as easy as loading an application on a digital device and summoning a roving car to one’s door. It is fast, cheap and, many argue, less onerous than ownership. The so-called sharing economy is on the…
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