The Billionaire Loophole: Canada's Tax System and Inequality
Canada's tax system is criticized for fueling inequality as the top one percent hide billions in offshore tax havens.
A group called "Patriotic Millionaires Canada" has written to Finance Minister François-Philippe Champagne, asking for policies to reduce income inequality by effectively taxing the rich in the next budget.
One of us is a former member of the Canadian Parliament, and the other is a current member of the one per cent, so we’re well-positioned to tell you that our current level of wealth inequality is threatening the stability of our economy and democracy, and is partially the result of a failure to tax extreme wealth.
Authors: Ratna Omidvar and Sabina Vohra-Miller.
Summary: Canada's tax system criticized for fueling inequality.