Surprise! A new investigation by the Toronto Star and the CBC found that recent treaties with tax havens like the Bahamas and Panama aimed at more “transparency” have just made it easier for corporations to evade ever more taxes. And Canadian corporations have obliged this golden opportunity. “Investment” abroad has ballooned all the while the […] . . . → Read More: Michal Rozworski: “Investment” versus investment
We hear everyday about the grim prospects that our young people face – protracted periods of unemployment, underemployment and contract work have become the norm, rather than the exception, even for those with extensive education. Even going back to school to pursue graduate studies or certificate programs offers no guarantee of gainful employment. Indeed, . . . → Read More: Politics and its Discontents: Yet Another Failure of The Corporate Community
That is the question I am left with after reading this article in today’s Star on the over $500 billion (the article erroneously describes it as $526 million) corporate Canada is sitting on, in part thanks to generous tax cuts, rather than investing some of it and creating jobs. Recommend this Post . . . → Read More: Politics and its Discontents: If They Won’t Spend It, Perhaps We Should Tax It Back?
Canada is cursed with a Prime Minister who pretends to be an economist, one apparently intent on returning us to an era when the country was primarily a hewer of wood and drawer of water thanks to his enthusiastic endorsement of a shortsighted prosperity achieved through oil and gas exports.
Is it . . . → Read More: Politics and its Discontents: Harper’s Lack of Vision and Corporate Timidity