Opinion: Why do we keep letting Canadaβs ultrarich use tax havens to stash wealth?
Carney needs to end a near-universally loathed loophole that allows the wealthiest and largest corporations to avoid paying billions
"The ultrawealthy and large corporations that benefit the most from our economy are able to move their assets to low-tax jurisdictions to avoid paying billions in taxes, while the rest of us are left holding the bag." @c4tf.bsky.social
www.theglobeandmail.com/business/com...
24.07.2025 15:49 β π 12 π 5 π¬ 0 π 3
Opinion: Why do we keep letting Canadaβs ultrarich use tax havens to stash wealth?
Carney needs to end a near-universally loathed loophole that allows the wealthiest and largest corporations to avoid paying billions
Our latest report on tax havens exposes how the ultra-rich are hiding hundreds of billions in tax shelters - with help from our government. π΄πΈ Check out our op-ed in today's Globe & Mail! www.theglobeandmail.com/business/com... And send a message to Ottawa to end tax havens here: bit.ly/C4TFhavens π«
24.07.2025 15:26 β π 8 π 6 π¬ 1 π 1
Ricardo Tranjan: Income inequality reached a new high. Hereβs why Ottawaβs DOGE-style cuts will only make it worse
The prime minister has gone from Captain Canada to Captain Cuts.
Recovering the $15B/year Canada loses to tax havensβand billions more from other tax loopholesβcould save us from 15% or more in cuts to the CBC, VIA Rail, StatsCan, museums, and other public services.
It can also help reverse deepening wealth and income inequality. Pass it on π£
bit.ly/4lJz3OM
21.07.2025 19:08 β π 12 π 6 π¬ 2 π 0
Shut down tax havens and bring our tax dollars home!
Big corporations and the ultra-rich are using tax havens to hide hundreds of billions from taxes every year while everyday Canadians are left holding the bag. In 2024 alone, wealthy Canadians and larg...
π’ Big corporations & the ultra-rich are hiding $682B in tax havens, while everyday Canadians are left holding the bag. Thatβs a 165% increase since 2014.
Tell MPs: shut down tax havens & bring our tax dollars home!
π Sign the petition: www.taxfairness.ca/en/act/take-...
19.07.2025 21:04 β π 6 π 5 π¬ 0 π 1
The use of tax havens is not just due to a few bad apples. We found that over three quarters of S&P/TSX 60 firms have at least one subsidiary in a tax haven, and the real number is likely even higher. Through differences in foreign tax rates, these firms avoided $7B in taxes in 2024.
18.07.2025 13:53 β π 2 π 1 π¬ 1 π 0
The rise and rise of tax havens
Introduction: Canada has a big tax haven problem
After decades of international cooperation and the domestic implementation of a global minimum corporate tax, the use of tax havens must be declining, right?
Actually, our new report finds Canadian assets in tax havens hit a record $682B in 2024, up 165% from 2014 www.taxfairness.ca/en/resources...
18.07.2025 13:47 β π 9 π 5 π¬ 1 π 0
https://www.taxfairness.ca/en/resources/reports/rise-and-rise-tax-havens
The super rich have tons of tax advantages available to them, and yet...
They're still choosing to steal billions every year according to a new report from @c4tf.bsky.social
These people aren't patriots. They don't care about our economy, democracy, or country.
t.co/pbZad6MSX3
16.07.2025 20:50 β π 15 π 7 π¬ 0 π 1
The rise and rise of tax havens
Introduction: Canada has a big tax haven problem
π¨ NEW REPORT: The Rise and Rise of Tax Havens π΄
Our new report details how use of tax havens by mega-corporations and the ultra-wealthy has exploded by 165% in the last decade, and how it's been enabled through government policy.
Read more: www.taxfairness.ca/en/resources... #CDNpoli
18.07.2025 14:02 β π 8 π 7 π¬ 0 π 1
Great piece in @macleans.bsky.social from the newest #TaxTheRich kids on the block, @patmillscanada.bsky.social! π«
07.07.2025 16:18 β π 9 π 2 π¬ 0 π 0
Carney may have dropped his elbows but the rest of us need to keep them up. If you want to support fair taxation initiatives, give Canadians for Tax Fairness @c4tf.bsky.social a follow.
30.06.2025 17:11 β π 3 π 1 π¬ 0 π 0
Trump is a bully, with the attention span of a goldfish. Canada canβt cave to the pressure and enable the long-term greed of big tech because heβs throwing a tantrum. Our latest on the DST here: www.taxfairness.ca/en/resources...
27.06.2025 20:00 β π 7 π 5 π¬ 0 π 1
Our ED, Jared A. Walker, on what Canadian progressives can learn from fair tax champion Mamdaniβs historic win:
27.06.2025 19:55 β π 5 π 3 π¬ 0 π 0
Huge congrats to fair tax champion Zohran Mamdani! π
25.06.2025 15:09 β π 2 π 0 π¬ 0 π 0
Our new ED, Jared A. Walker, on why we need the DST to stand up to big tech, and to Trump β¬οΈ
23.06.2025 17:52 β π 6 π 2 π¬ 0 π 0
New report out from our friends, @patmillscanada.bsky.social! π
16.06.2025 16:46 β π 8 π 2 π¬ 0 π 0
Weβre in Ottawa, joining our friends at @oxfamcanada.bsky.social and @c4tf.bsky.social discussing the opportunity Canada has at the G7 to be a leader on combating wealth inequality through the tax code
11.06.2025 22:10 β π 30 π 11 π¬ 2 π 0
The #UNTaxConvention is a crucial component of ensuring tax justice for all nations, including Canada. Important update on its progress from our international partner, @globaltaxjustice.org:
30.05.2025 16:05 β π 5 π 1 π¬ 0 π 0
Middle class tax cuts without plans to make up revenue could harm public services
After appointing his new cabinet, a middle-class tax cut was Prime Minister Mark Carney's first order of business.
Tax cuts for everyday Canadians provide welcome relief but we must ensure they donβt come at the cost of public services. Letβs tax the rich to pay for them!
16.05.2025 16:13 β π 3 π 0 π¬ 0 π 0
This just in: Trickle down not trickling
14.05.2025 16:29 β π 1 π 1 π¬ 0 π 0
One American import we are thrilled to see! π
12.05.2025 19:32 β π 13 π 3 π¬ 0 π 0
Order of Canada/perf 1st legal ssex marriage in Canada/more LGBTQ Bills to law than anyone in Cda/ passed the most Private Members Bills to law in Ont history as MPP/ RadicalReverend radio CIUT 89.5FM/ Author/The Queer Evangelist/ www.cheridinovo.ca
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Dad, Grandpa, Former Teacher, Skateboarder,
ONDP Shadow Minister for Sport, Technology, and Democratic Reform, MPP for SpadinaβFort York
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We are building a mass movement of working people to take power away from the billionaire class and win solutions to the climate crisis: securing good jobs, expanding social services, and addressing affordability.
Ending global poverty begins with women's rights. #TheFutureIsEqual
Journalist & author of βToo Dumb for Democracy?β
Podcast host: the David Moscrop Show.
Substacker, radio & TV guest. PhD in political science from UBC, just in case.
Work in the Washington Post, Globe and Mail, Jacobin, TVO, the Guardian, etc.
Love your neighbour(hood).
ποΈChair & co-founder of @wecobien.bsky.social, Board of Trottier Family Foundation, #TaxTheRich
π Co-founder and co-owner of @joiedelivresmtl.bsky.social, Montrealβs first bilingual bookstoreβ’cafeβ’bar featuring romance and spec-lit
π’ Views are my own
We bring together unions representing 3.3 million workers to fight for fairness | Text WORKERS to 55255 πͺ (msg & data rates may apply)
Nous rassemblons plus de 3,3 millions de travailleuses et travailleurses pour amΓ©liorer nos conditions.
President @CanadianLabour
Advocating for workers across Canada.
Mom, dog-lover, proud former grocery clerk, fighting for fairness for all workers. https://workerstogether.ca/
Labour economist, social democrat, sometimes I post stuff on the economy here: https://socialeconomics.substack.com/
Co-wrote a book about how (and why) to tax the rich called βShare The Wealthβ: https://lorimer.ca/adults/product/share-the-wealth/
CUPE is Canadaβs largest union, with over 750,000 members. Le SCFP est le plus grand syndicat canadien avec plus de 750 000 membres.
Public Service Alliance of Canada β Alliance de la Fonction publique du Canada
PSAC is one of Canadaβs largest unions. We are truly a national union with members from coast to coast to coast, in every province and territory. PSAC members in BC are employed in large and small communities throughout the province.
Public Service Alliance of Canada in the Atlantic Region | Alliance de la Fonction publique du Canada dans la rΓ©gion de l'Atlantique
The Public Service Alliance of Canada represents more than 170,000 workers in every province and territory in Canada, including over 29,000 in the Prairies.