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Canadas Austerity Agenda: Its About the Taxes
Publisher: Healthy Policies
Date Written: 12/11/2013
Year Published: 2013
Resource Type: Article
Austerity policies pose major threats to the publics health. Ronald Labonté argues that the austerity agenda in Canada stems not from a crisis in finances, but from a crisis in fair taxation,
"To repeat: there is no fiscal crisis. There is a taxation crisis. We are not living with scarcity where everyone must tighten his or her belt. We are living in an era of egregious inequality where increasing amounts of global income are escaping the redistributive bite of the taxman, transfer-priced or squirreled away in the (still burgeoning) number of offshore financial centers (aka tax havens). Most of these are located within or under the protection of the worlds wealthiest countries, the same ones now hollowing out their tax-gutted welfare states.
Canadas tax crisis is not exclusive. It can be found in most of the worlds countries, engaged in a revenue race to the bottom in order to attract or retain foreign investors."
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