Prime Minister Trudeau promised us sunny ways. This is certainly not taking place in our tax system. Aside from a measly one per cent tax increase on the incomes of the very rich, there is no planned tax increase on corporations. These corporations are stealing millions of dollars from Canada and depositing them in off shore accounts. I don’t see any Liberal promise to stop this thievery.
Canadians For Tax Fairness estimates, reliably, that $199 billion is hidden in tax savings accounts and that every year an additional $10 billion is added to that. Canada ranks as the third largest loser of taxable corporate income among the G20 countries. I haven’t been aware of our new government making any changes to this thievery. So much for sunny ways.
Bob Abrahams, Nelson