Small taxes, big loopholes

A longer, more detailed version of this post is available on the Progressive Economics blog. Small business taxes made the news last week during a CBC interview when federal Liberal leader Justin Trudeau suggested many business owners are using the small business tax rate as a de facto in-country tax…
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Time to fix Canada’s broken charitable laws

At a time when the federal government was cutting 3,100 full time positions at the Canada Revenue Agency (including highly trained auditors working on international tax evasion), CRA was given an additional $13.4 million to conduct political super audits on 60 charities. By and large these audits have targeted organizations…
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Unacceptable Democracy

No matter how overused and abused the word “democracy” may be, its very concrete application never ceases to be disturbing. The phenomena is certainly not new —Jacques Rancière wrote beautifully about it ten years ago—but these last months have been littered with all sorts of expressions of this hate, among…
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Canada’s failed experiment with corporate income tax cuts

According to many mainstream (neoclassical) economists, cutting corporate income tax (CIT) rates is wise public policy. By reducing the cost of capital, more of it will be supplied, and because investment is a key driver of growth, reducing CIT rates leaves firms with more after-tax income to plough into growth-expanding…
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