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Canadians want Ottawa to ban use of tax havens, poll finds

Charlemagne

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Jul 19, 2017
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Canadians want Ottawa to ban use of tax havens, poll finds

A poll released Wednesday, in the wake of the Paradise Papers investigation, found 90 per cent of Canadians believe tax havens are morally wrong and 87 per cent think laws should be changed to ban their use.

By MARCO CHOWN OVED, Investigative Reporter

Wed., Dec. 13, 2017

Ninety per cent of Canadians believe tax havens are morally wrong and 87 per cent think the law should be changed to ban their use, according to a new poll released Wednesday.

“We knew there was broad support out there to end tax havens, but the response was overwhelming,” said Diana Gibson, a policy expert with Canadians for Tax Fairness, one of the groups that commissioned the survey.

Gibson said typically people are more hesitant to endorse a change to the law, but the unequivocal response shows the government must act on preventing the abuse of tax havens, which deprives public coffers of an estimated $15 billion every year.

“The government has been facing some hurdles around closing tax loopholes. But it’s really hard for anyone to oppose shutting down tax havens when you see how many people want it to change.

“This should be something the government can do — and they need the revenue,” Gibson said.

The online poll, carried out by Environics, surveyed 1,012 Canadians coast to coast and found the strong condemnation of tax havens was evenly spread across provinces, gender, income and language.

“It shows that there’s near-consensus on this issue. No matter their political stripes, politicians should come together on making corporate tax havens illegal,” said Brittany Smith, a campaigner for Leadnow, an advocacy organization that also commissioned the poll. “(Prime Minister Justin) Trudeau ran on a promise of tax fairness. A poll like this should send a clear signal that that is exactly what Canadians want.”

The poll comes a week after the European Union released its blacklist of non-cooperative tax havens that includes Barbados, one of the most popular tax havens used by Canadian companies.

This demonstration of public disapproval comes 20 months after the issue of offshore tax avoidance vaulted into public consciousness with the release of the Panama Papers. The Star and CBC, the Canadian partners in a worldwide journalistic collaboration, exposed how the offshore industry facilitates massive amounts of tax evasion and tax avoidance.

“This corporate tax dodging is quite outrageous. That’s why we’re seeing such strong opposition,” said Smith.

“Corporations use tax havens to dodge $15 billion a year in taxes. This is public money that’s sorely needed for things like child care, the housing crisis, actually delivering clean water to First Nations reserves.”

Last month, reporting on another massive leak, the Paradise Papers, detailed the offshore activities of three former prime ministers and two generations of Liberal party chief fundraisers.

Investigations carried out by the Star and the CBC revealed how tax havens shelter Canadian university endowments and mask the activities of mass ticket scalpers. The leak also detailed how a senior Canadian civil servant gave strategic advice to a tax haven lobby group.

While some of the behaviour exposed in the leaks pointed to illegal tax evasion, far more tax dollars are lost to corporate tax avoidance, which is technically legal.

Canada’s world-leading network of tax treaties and tax information exchange agreements (TIEAs) has made it very easy to move billions of dollars in and out of the country, tax-free.

“The government needs to shift the focus over to corporations, because there has been so much attention on individuals,” Gibson said.

The poll had a margin of error of 3.2 per cent, times out of 20.

https://www.thestar.com/news/canada/2017/12/13/canadians-want-ottawa-to-ban-use-of-tax-havens-poll-finds.html
 

FAST

Banned
Mar 12, 2004
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I mean,... who needs corporations,... right,... ???

Or even a minimal understanding of free world economics for that matter.

Everything is simple for a socialists,... until they run out of other peoples money.
 

saxon

Well-known member
Dec 2, 2009
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Trying to tell individuals or corporations where they can or can’t stash their money will not work. If the government stopped taxing us to death there wouldn’t be a need to move money offshore.
 

bver_hunter

Well-known member
Nov 5, 2005
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The Canadians want everyone to pay their fair share of the taxes. These tax havens are designed to make it easier for the very wealthy to launder their money. No doubt there will be very many more American elitists (better known as the swamp) taking advantage of their new generous tax rebates, if or when their new tax law comes into effect.
 

Frankfooter

dangling member
Apr 10, 2015
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Its looking like this could be Trudeau's achilles heel, his support of the rich friends of his dad and the liberal party.
Hopefully he acts.
 

jcpro

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Jan 31, 2014
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The Canadians want everyone to pay their fair share of the taxes. These tax havens are designed to make it easier for the very wealthy to launder their money. No doubt there will be very many more American elitists (better known as the swamp) taking advantage of their new generous tax rebates, if or when their new tax law comes into effect.
Can you define that elusive "fair share"? Half of my Canadian income goes to various levels of government. When is it enough? What's the magic number that constitutes "fair share"? Will 80% be enough? We're at the point where taxes have gone so high that evasion has become a daily occurrence before my very eyes and that is not only choking the economy, but actually decreasing the tax revenues. We're slowly, but surely moving into barter economy. And you know who will be the losers, right? The people who are living off the rest of us.
 

Smallcock

Active member
Jun 5, 2009
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Taxes keep going up yet the government keeps running on empty. The rich use tax havens to lessen the burden while the middle class and poor folks use cash transactions to avoid taxes when possible. The current tax rates are too onerous.
 

Frankfooter

dangling member
Apr 10, 2015
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Taxes keep going up yet the government keeps running on empty. The rich use tax havens to lessen the burden while the middle class and poor folks use cash transactions to avoid taxes when possible. The current tax rates are too onerous.
They need to increase corporate taxes and track down tax havens.
That's the only way to decrease taxes on the rest of us.
 

james t kirk

Well-known member
Aug 17, 2001
23,932
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Trudeau only does what he is told to do.
Thankfully.

Do you really want him making decisions. His strengths (and he does have them) are that he's friendly, loves a good party, is youthful, is photogenic, has the right name and is a bit of breath of fresh air compared to the last idiot. (Who was a dour control freak who was always on the defensive.)
 

Garrett

Hail to the king, baby.
Dec 18, 2001
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Thankfully.

Do you really want him making decisions. His strengths (and he does have them) are that he's friendly, loves a good party, is youthful, is photogenic, has the right name and is a bit of breath of fresh air compared to the last idiot. (Who was a dour control freak who was always on the defensive.)
Do I want a puppet leader? Not really. Is it better because the puppet leader is pretty? Uhhhh, no. In fact, when he has to think on his feet, or represent Canada in front of the UN, he is embarrassing.
 

bver_hunter

Well-known member
Nov 5, 2005
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Can you define that elusive "fair share"? Half of my Canadian income goes to various levels of government. When is it enough? What's the magic number that constitutes "fair share"? Will 80% be enough? We're at the point where taxes have gone so high that evasion has become a daily occurrence before my very eyes and that is not only choking the economy, but actually decreasing the tax revenues. We're slowly, but surely moving into barter economy. And you know who will be the losers, right? The people who are living off the rest of us.
If the middle class are paying their share of the taxes, then the rich should do the same. They have ways and means of avoiding the payment of their taxes to the extent that some are virtually paying little to no taxes at all. So this has to be addressed. Then the taxes can be reduced for all. Yes, we are paying a substantial amount of our incomes as taxes. But there are many other developed countries that have higher rates of taxes as compared to Canada.
 

jcpro

Well-known member
Jan 31, 2014
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If the middle class are paying their share of the taxes, then the rich should do the same. They have ways and means of avoiding the payment of their taxes to the extent that some are virtually paying little to no taxes at all. So this has to be addressed. Then the taxes can be reduced for all. Yes, we are paying a substantial amount of our incomes as taxes. But there are many other developed countries that have higher rates of taxes as compared to Canada.
There are countries that don't have clean drinking water or countries where the cost of living is much higher than in Canada. So, what? Is that suppose to make me feel better about being robbed blind so our government can flush our cash down the toilet of terrorist payments, gay apologies or whatever other waste they can think of? Do you honestly think that you can skin the very rich in Canada? They are the government and they own it.
 

Frankfooter

dangling member
Apr 10, 2015
79,750
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There are countries that don't have clean drinking water or countries where the cost of living is much higher than in Canada. So, what? Is that suppose to make me feel better about being robbed blind so our government can flush our cash down the toilet of terrorist payments, gay apologies or whatever other waste they can think of? Do you honestly think that you can skin the very rich in Canada? They are the government and they own it.
They may be renting Trudeau, but they don't own the government.
You gots a choice, high taxes and a safe and good country to live in, or low taxes and ghettos, violent crime and worries about safety.
But I guess I know which one you're picking.
 

Garrett

Hail to the king, baby.
Dec 18, 2001
2,436
6
48
They may be renting Trudeau, but they don't own the government.
You gots a choice, high taxes and a safe and good country to live in, or low taxes and ghettos, violent crime and worries about safety.
But I guess I know which one you're picking.
Nice strawman. There is a lovely and huge middle ground of responsible government, with lower taxes, and effective programs.
However, the current policies they are throwing cash at, whether Ontario Hydro or native communities, are pretty much guaranteed to make things worse.

Pay more, and worse results? Not really what the people deserve.
 

jcpro

Well-known member
Jan 31, 2014
24,673
6,836
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Nice strawman. There is a lovely and huge middle ground of responsible government, with lower taxes, and effective programs.
However, the current policies they are throwing cash at, whether Ontario Hydro or native communities, are pretty much guaranteed to make things worse.

Pay more, and worse results? Not really what the people deserve.
Yeah, how very true. It's the same stupid argument every time. Pay more or the society will collapse, pay more or children will die, pay more or we'll lay off teachers and firefighters. It's always more, more and more for "vital" programs. The saddest thing is all those shmucks, out there, who buy this garbage.
 

Frankfooter

dangling member
Apr 10, 2015
79,750
17,571
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Nice strawman. There is a lovely and huge middle ground of responsible government, with lower taxes, and effective programs.
However, the current policies they are throwing cash at, whether Ontario Hydro or native communities, are pretty much guaranteed to make things worse.

Pay more, and worse results? Not really what the people deserve.
Government isn't that much more inefficient then business and our tax problems are mostly from lower corporate taxes, which didn't spawn investment or jobs, and lower taxes and penalties on the rich. Clean those up and we'd be doing fine.

Besides, with pot revenues coming in soon the deficit will be all smoke.
 

FAST

Banned
Mar 12, 2004
10,069
1
0
Yeah, how very true. It's the same stupid argument every time. Pay more or the society will collapse, pay more or children will die, pay more or we'll lay off teachers and firefighters. It's always more, more and more for "vital" programs. The saddest thing is all those shmucks, out there, who buy this garbage.
Another stupid,... is commies blaming ANYTHING on the rate of corp. taxation.

If there were no corps tomorrow, who are the economic simpletons going to blame the current deficits on,... oh wait,... I know,... we should nationalise everyone of them,... then they would not ever show a profit,... problem solved.

Corps tax rate should be proportional to the taxes collected from individuals that are employed by the corps,... the more employed,... the less the taxation.

And the same free world economic dunces fail to understand, everybody, including civil servants, owe a very big percentage of their retirement to the stock market, but hey, lets tax the shit out corps, so they either can't show a profit, or cease to exist all together,... now that would be "fair".

PS: And to further help the ill informed socialists here,... a corp. will only locate in an environment provided by a government that is conducent to make it worth while, they are not charities, they are in business for one thing,... to make money,... not support delusional governments and out of touch socialists.
 
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bver_hunter

Well-known member
Nov 5, 2005
27,331
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There are countries that don't have clean drinking water or countries where the cost of living is much higher than in Canada. So, what? Is that suppose to make me feel better about being robbed blind so our government can flush our cash down the toilet of terrorist payments, gay apologies or whatever other waste they can think of? Do you honestly think that you can skin the very rich in Canada? They are the government and they own it.
Then also blame Harper who ballooned the debt during his long tenure in office. At least the Trudeau Government decreased the taxes for the middle class.
But if anyone thinks that a nation can survive by charging no taxes at all, then they are delusional. Sometimes, spending the taxpayers dollars on infrastructure and other services helps to trigger the economy. When money is laundered into loopholes, you can be rest assured that this is not helping the economy in anyway. Unfortunately, the previous Government did violate the citizenship rights, and that is why there was a payout to the victims of Guantanamo Bay. The courts unfortunately would have ruled in their favour.
 
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