Tag Archives: Windfall Tax

Canada’s emergency wage subsidy served as ‘blank cheque’ for companies: Canadians for Tax Fairness

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Some of Canada’s biggest corporations received a pandemic subsidy intended to keep their employees on the payroll, but a new report finds that in many cases, these large companies actually reduced employment while padding the pockets of shareholders.

These findings, from a report by Canadians for Tax Fairness, should make Canadians angry and point to a double standard, the federal NDP’s finance critic Daniel Blaikie told Canada’s National Observer in an interview. It is “egregious” for the federal government to have the Canada Revenue Agency (CRA) “hound” some individuals who applied for and received financial support through emergency programs like the Canada Emergency Response Benefit (CERB) to return the money, he added.

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Seven ways to tackle inflation without raising interest rates

Originally published on Corporate Knights

Editor’s note: Guy Dauncey’s Big Solutions: Raising interest rates is a cruel cudgel that hurts the most vulnerable. There are other responses that governments and central banks should consider.

By Guy Dauncey

There are many causes of inflation, but there’s only one solution central banks seem willing to consider: increase interest rates. This has many people scratching their heads: Why would this bring down the price of rent, food or gas? Won’t it increase costs for anyone who pays interest on a variable-rate mortgage or consumer loan? And won’t it make essential green investments more difficult?

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Canada’s largest oil and gas companies’ sky-high net earnings renew calls for windfall tax

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Sky-high net earnings for Canada’s four biggest oil companies have renewed calls for a windfall tax that Ottawa shows no sign of adopting.

“The gas lobby is clearly very powerful and holds a lot of sway in Canada,” Environmental Defence’s programs director Keith Brooks told Canada’s National Observer, adding the industry is impeding effective climate action and creating deep inequality among Canadians.

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