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Ralph Klein has gone and it is time to retire Ralph's World. Thanks to all of you who have supported this venture by contributing material and through your comments. It has been fun.
Should we get another blog underway? Let me know your thoughts by e-mailing me at johnnyslow@gmail.com.
John Slow
January 1, 2007
Friday, May 21, 2004
Fair taxation would fund health care
Federal and Provincial government politicians are fond of telling us that health care costs are rising at a rate that is unsustainable. They rarely, if ever, mention that both federal and provincial governments are pursuing policies which permit wealthy corporations and individuals to get away without paying their fair share of taxes.
The 1996 report of Canada's Auditor General included the following observation:
"We have observed two advance rulings relating to moving at least $2 billion of assets held in family trusts into the United States from Canada. In our view, the transactions ruled on may have circumvented the intent of the law regarding the taxation of capital gains. Therefore, we are concerned that Revenue Canada may have eroded the tax base by forfeiting a legitimate future claim to many millions of dollars in tax revenue."
It is known that just one prominent wealthy Canadian family was let off the hook for about $700 million in taxes in 1991, when the family transferred a $2 billion family trust to the U.S. For several years now, Canada’s Auditor General has expressed concern over the disastrous effects of certain tax provisions and of the tax agreements between Canada and other countries throughout the world which allow for the use of tax havens.
According to a study done by the University of Alberta’s Parkland Institute, the Klein Government is forgoing billions of dollars of revenue by charging oil corporations considerably less for oil royalties than they would pay in either Alaska or Norway.
As long as right-wing federal and provincial governments view policies favouring the rich as being “sustainable”, ordinary Canadians will be deprived of the revenue to fund an acceptable level of health care and other social programs.
William Dascavich - Vegreville Alberta
The 1996 report of Canada's Auditor General included the following observation:
"We have observed two advance rulings relating to moving at least $2 billion of assets held in family trusts into the United States from Canada. In our view, the transactions ruled on may have circumvented the intent of the law regarding the taxation of capital gains. Therefore, we are concerned that Revenue Canada may have eroded the tax base by forfeiting a legitimate future claim to many millions of dollars in tax revenue."
It is known that just one prominent wealthy Canadian family was let off the hook for about $700 million in taxes in 1991, when the family transferred a $2 billion family trust to the U.S. For several years now, Canada’s Auditor General has expressed concern over the disastrous effects of certain tax provisions and of the tax agreements between Canada and other countries throughout the world which allow for the use of tax havens.
According to a study done by the University of Alberta’s Parkland Institute, the Klein Government is forgoing billions of dollars of revenue by charging oil corporations considerably less for oil royalties than they would pay in either Alaska or Norway.
As long as right-wing federal and provincial governments view policies favouring the rich as being “sustainable”, ordinary Canadians will be deprived of the revenue to fund an acceptable level of health care and other social programs.
William Dascavich - Vegreville Alberta
