The Billionaire Loophole: Canada's Tax System and Inequality
Canada's tax system has been criticized for fueling inequality, as the top one percent hide billions in offshore tax havens.
A group of wealthy Canadians, known as "Patriotic Millionaires Canada," has signed an open letter to Finance Minister François-Philippe Champagne, urging him to implement policies to reduce income inequality in the next budget.
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.
Ratna Omidvar and Sabina Vohra-Miller, members of the group, emphasize the need to effectively tax the rich to address this issue.
- Wealthy Canadians are hiding billions in offshore tax havens.
- A group of "Patriotic Millionaires Canada" is advocating for policies to reduce income inequality.
Author's summary: Canada's tax system fuels inequality.
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