A global minimum corporate tax is a 20th-century solution imposed on the 21st-century, where the digital realm is disrupting taxation
World leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…
But what does that mean for consumers and suppliers?
Regenerative agriculture is making some noise of late – so much so that some companies are making it a priority. Foods, the world’s largest producer of french fries, just committed to limiting its climate footprint, saying all its french fries will come from farms using regenerative agriculture by 2030. For consumers, this is supposed to…
It costs about $50 extra in taxes to fill up a minivan in Metro Vancouver, not including the cost of the fuel
As we see the light at the end of the COVID Tunnel of Hell, many families hope to hit the roads to explore beautiful British Columbia this summer. Safe road trips will be essential after the strain many have been under during the pandemic. But, because B.C. drivers are being burned by the highest gas…
Canada must emulate countries such as Liechtenstein and Malta, which adapted legislation in advance to attract crypto entrepreneurs
The Canadian cryptocurrency industry knew mainstream adoption would inevitably come with a regulatory load, especially after the 2019 collapse of the largest exchange at the time, QuadrigaCX. Participants, however, didn’t expect regulators to come with one of the most heavy-handed approaches possible. On March 29, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory…
The Trudeau government is throwing freedom of expression under the bus so the entertainment and culture lobby can pocket more dough. The proposed law, Bill C-10, opens the door for unelected bureaucrats to put online content under their microscope. These ramifications led Peter Menzies, former vice-chair of Canadian Radio-television and Telecommunications, to refer to the…
To incentivize affordable housing, officials need to slash taxes and red tape
As economists Jake Fuss and Tegan Hill have warned, the macro effects of government stimuli to address COVID-19 lockdowns are starting to emerge. In Canada, they have taken the form of an overheating housing market. With mortgage rates plunging to historic lows, the demand for residential real estate is driving prices through the roof. As…
Babies born on budget day 2021 had more than $28,000 of debt the moment they opened their eyes
By Franco Terrazzano Canadian Taxpayers Federation and Kris Rondolo Generation Screwed Canadian babies born on federal budget day 2021 had more than $28,000 of debt the moment they opened their eyes. That’s each Canadian’s share of the federal government’s $1-trillion debt. And it’s going up. By the time those little ones blow out their candles…
What we need are carefully targeted programs specifically aimed at dealing with the issues that keeps people in poverty
In a country as rich as Canada, no one should have to be hungry or homeless. We do have people who can’t provide for themselves and we rely on the government to provide a floor below which Canadians can’t fall. We have to remember that this support comes from us, the taxpayers, so we need…
And just wait until you hear how much the government is spending to cover its debt interest costs. It isn't pretty
If you think the federal government’s so-called historic spending on a national child-care scheme is big, wait until you hear how much the government is spending to cover its debt interest costs. In its 2021 budget, the Justin Trudeau government is promising to spend $30 billion over five years on a national child-care program. That’s…
By Miquel Ouellette and Maria Lily Shaw MEI The recent budget presented by the Liberal government of Justin Trudeau – its first in over two years – is another step toward irresponsible indebtedness that will burden an entire generation of Canadians, if not more. On top of the hundred billion dollars of new spending, the…
Sticking future generations with the tab isn’t a winning solution
By Franco Terrazzano and Renaud Brossard Canadian Taxpayers Federation There’s a big difference between making something affordable and playing a shell game with the costs. Unfortunately, the feds are choosing the latter with their new child-care program. The federal 2021 budget allocated $30 billion over the next five years towards a national child care program…
A fraction of the global economy moving to a bitcoin standard will create a ripple effect
Former Canadian prime minister Stephen Harper recently suggested bitcoin could become a reserve currency alongside the U.S. dollar. Now a business adviser with Harper & Associates consulting, he had a caveat: bitcoin still lacks a key money feature, that being a store of value. In contrast to fiat currencies, bitcoin has done little but rise…
By Franco Terrazzano and Jay Goldberg Canadian Taxpayers Federation It’s one thing to pull out the credit card to pay for new shingles to patch a leaky roof in a storm. It’s another thing to pull out that credit card to buy a new big screen before the rain even stops. That’s what Ottawa is…
Or how you too can share in the millions Mark Zuckerberg is giving away
Few crimes make me angrier than telephone or online scams. But I don’t know who I’m angrier at – the scammer or the victim. The scammer is a reprehensible subhuman, preying on naive elderly people. What’s worse than that? But I’m also angry at the naive elderly person. Seriously, grandma, do you really think the…
The Trudeau government has set Canada on a path to fiscal destruction
By Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation The British politician Nigel Lawson once said: “To govern is to choose – to appear to be unable to choose is to appear to be unable to govern.” If Lawson is correct, then the only conclusion to be drawn from Finance Minister Chrystia Freeland’s federal budget…
World leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…
