Canadians for Tax Fairness

Dennis Howlett, National Director of Canadians For Tax Fairness will be speaking on the topic: “Inequities, corporate loop holes & needed changes in our failing tax system” at the Prince Albert Union Centre,107-8th Street East, November 26, 2014—7:30 PM

This event is sponsored by Council of Canadians, Prince Albert and District Labour Council, CUPE 4777, Renewable Power—the Intelligent Choice (RPIC)

Everyone welcome!

Let’s Stop the Multinational Tax Dodge

Corporate tax avoidance is a global epidemic. And it isn’t just Google, Burger King and Amazon who are gaming the system to pay little or no tax anywhere. Canadian companies such as Cameco and Gildan do it too. 

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Canada has the lowest corporate tax rate in the G7. But that’s not good enough for many top publicly traded companies.  They continue to shift profits offshore in order to pay even less tax. A popular practice is selling a patent to an offshore subsidiary and then charging itself licensing fees for the use of that same patent. 

How does our tax system let this  boondoggle happen? 

Here’ s how: Canada’s Income Tax Act is riddled with loopholes that allow corporations to get away with paying less than a fair share. Many of our politicians have lost their political will to go after the big guys.  It is you, I, and our neighbours who are left with the bill for their inaction. 

For more information on Canadians for Tax Fairness go to: www.canadiansfortaxfairness.ca.