The rocket-fuelled fury of the worried taxpayer is a constant feature of tax culture for good reasons.
“Never before has the concept of tax fairness been so prominent in the Canadian public’s consciousness."
Requiring millionaires to pay more tax is certainly not an attack on the middle class or mom-and-pop corner stores.
One thing I have learned from my cross-Canada tour is that once you get outside of Prime Minister Justin Trudeau's Ottawa, it ain't sunny ways. More and more Canadians are feeling that the system is rigged against them. And one of the most disturbing economic indicators is the rising number of working poor.
The Liberals failed to take any meaningful action on closing tax loopholes or leveling the digital playing field. They failed to deliver, again, on their election promise to end the stock options deduction that gives almost a billion dollars to some of the richest people in Canada. They failed to make the tax system simpler or fairer.
It is outrageous enough that wealthy clients got off with a slight reprimand. KPMG has, so far, paid no price for their role. The committee let Canadians down by not recommending a full investigation into this case and laying charges against KPMG if the evidence warrants it. And Canadians are right to keep demanding one.
There's been a lot of outrage over a new report that shows that Canada's wealthiest CEOs are paid 193 times more than the average Canadian. But there's an even darker side to the story. Ordinary taxpayers are subsidizing those multimillion-dollar salaries, courtesy of loopholes in our tax system.
In the past, Google's actual overseas tax rate has been as low as 2.4% -- across many countries where normal tax rates would be over 20%. Even Ireland charges a measly 12.5%. Google has maintained that these arrangements are entirely legal. Many countries have disagreed.
There is little argument that Canadians deserve a fair tax system. It is unacceptable that there be even the slightest perception that corporations and wealthy individuals can avoid tax investigations by hiring a lobbyist or high-priced tax lawyer. The minister should be demanding answers -- on behalf of all Canadians -- from her senior managers.
Taxes have been a key issue in this federal election. Canadians for Tax Fairness has reviewed all of them and offers this analysis: Conservatives tax cuts make taxes even more unfair. Liberals would raise taxes of the top 5% but cut them for the next richest 15 per cent. NDP would raise revenue by hiking corporate taxes.