Bill Longstaff: Calling the bluff on "we must compete in the global marketplace"

The soul-numbing mantra “we must compete in the global marketplace” is much heard these days. Conservative politicians and business groups toss it out tirelessly as an argument to reduce taxes, and weaken labour and environmental laws. Unfortunately, their argument is valid. Trade agreements have so reduced the ability of national governments to tax and to ...

The Progressive Economics Forum: Fairness by design: a framework for tax reform in Canada

A new CCPA (National) report by Marc Lee and myself argues that Canada’s tax system needs a “fairness” overhaul and presents a framework for progressive tax reform. Those of you who have been following our tax work so far will find this study a great complement to the BC Tax Options Paper. Tax policy is ...

Bill Longstaff: France embraces Robin Hood tax

On August 1st, France introduced its long-promised Financial Transactions Tax (FTT). Popularly referred to as a Robin Hood Tax, or Tobin Tax, the 0.2 per cent levy will apply to sales of publicly traded shares, including credit default swaps, of businesses with a market value of over €1-billion. Ten other European countries, include Germany, Italy ...

The Progressive Economics Forum: Strong public support for financial transaction taxes

An international poll commissioned by the International Trade Union Confederation found very strong support in many countries, including Canada, for the introduction of Financial Transactions Taxes (FTTs), such as the Robin Hood Tax.   Trade unions provided results of this poll in their meetings with world leaders at the G20 meetings in Los Cabos, Mexico. Despite initially ...