Loopholes Are Costing Billions of Dollars that could go to Health Care and other Public Services
A Message from the Broadbent Institute in Ontario, Canada
Posted February 14th, 2018 on Niagara At Large
This February 14th, 2018 the Broadbent Institute launched its latest research report pointing to the “Filthy Five” – the most outrageous tax loopholes and tax haven laws – and calling for immediate tax reform.
These loopholes cost our government up to $12 billion every year; money that should be invested in important health and social programs. You can read and download our full report right here.
I’m sure we all agree the smartest way to combat the dangerous growth of income inequality in Canada is immediate tax reform: progressive reforms that prevent the wealthiest individuals and biggest profit-making corporations from hiding their wealth and not paying their fair share of taxes.
Canada loses billions of dollars every year to these unfair tax laws. And it’s every day people like us who get stuck making up the difference and are most affected by unfair budget cuts to public services. I say, enough is enough.
Finance Minister Bill Morneau has the power to close these “Filthy Five” tax loopholes immediately:
- Employee Stock Option loophole
- Partial Inclusion of Capital Gains loophole
- Business Entertainment Expense loophole
- Dividend Gross-up and Tax Credit loophole
- Offshore Tax Havens
Now we’re calling on you, and all of our supporters to help us send a letter to Finance Minister Bill Morneau demanding immediate tax reform.
We’ve written a form letter on our website that you can send today with one click of a button right here.
Our goal is to swamp his office with requests for tax fairness, tax reform, and immediate action. We are demanding that this government take this issue seriously and help level the playing field for everyone now.
I’m asking you to please take action. Send your letter to the Finance Minister asking for tax fairness today. Click here to send your letter.
Join me and thousands more, send a message today, and share it with your friends and networks. I hope we can count you in.
Rick Smith, Executive Director
About the Broadbent Institute – The Broadbent Institute is Canada’s leading progressive, independent organization championing change through the promotion of democracy, equality, and sustainability and the training of a new generation of leaders.
We are proud of Canada’s tradition as a diverse, fair, just, and inclusive society. These values matter to us today and they matter to our future. The vast majority of Canadians share these progressive values.
At the Broadbent Institute, we believe that the progressive principles and collective efforts that have made us who we are as a country can inform new ways of thinking and new approaches to government that equip us to address the challenges facing Canadians.
For more information on the Broadbent Institute and its public advocacy work, click on – http://www.broadbentinstitute.ca/
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