Canadian Taxpayers Suffer From Harper's Panama Deal

[bluebyrd35]

You need to be spoken down to.... It's clear that you read an egregious headline and automatically consider yourself an expert in finance and economics.

Here's a Sunny Ways chart for ya'll.... Note, the smallest population of canadians are in the high income tax bracket

LOL, what a stupid reply. Try to remember back to Harper years. Either you are so old you suffer from dementia or so young they meant nothing to you. Try to catch up.

No matter how you add it up, Harper’s fiscal record is a catastrophe – iPolitics

"Since Harper was elected, the federal debt has increased by over $150 billion, wiping out the reduction in federal debt achieved under Chretien and Martin. Not much to boast about there."

Just a wee paragraph from this article.

Also try to get your mind around that if a country wants to collect taxes, the majority of citizens, need the wherewithal to pay them. Putting all the spending outside that country doesn't cut it.

 

[pgs]

LOL, what a stupid reply. Try to remember back to Harper years. Either you are so old you suffer from dementia or so young they meant nothing to you. Try to catch up.

No matter how you add it up, Harper’s fiscal record is a catastrophe – iPolitics

"Since Harper was elected, the federal debt has increased by over $150 billion, wiping out the reduction in federal debt achieved under Chretien and Martin. Not much to boast about there."

Just a wee paragraph from this article.

Also try to get your mind around that if a country wants to collect taxes, the majority of citizens, need the wherewithal to pay them. Putting all the spending outside that country doesn't cut it.

But they were investments .

 

[mentalfloss]

No, they were bailouts.

 

[tay]

Both the Liberals and Conservatives have enabled the well connected to escape what the working class can't, taxes.....

The Great Canadian Tax Dodge" documents the birth of the Canadian Tax Fairness movement and examines the issue of tax avoidance, exposing the sophisticated corporate strategies and tax loopholes commonly used to legally avoid tax.

It is estimated that between 100 and 170 billion dollars leaves Canada every year, untaxed. Much of it is siphoned off to Canadian-made offshore tax havens. "The Great Canadian Tax Dodge" documents the birth of the Canadian Tax Fairness movement and examines the issue of tax avoidance, exposing the sophisticated corporate strategies and tax loopholes commonly used to legally avoid tax.

The Great Canadian Tax Dodge | TVrg

The Canadian tax system is riddled with loopholes. Getting rid of them is essential to achieving tax fairness and a system that works for all of us. Take a minute to send this email to Ottawa. Tell the Prime Minister, Finance Minister and your MP that you expect them to stand up for tax fairness and that they can start with a good clean sweeping out in the loophole department.

Tell Ottawa How You Feel About Tax Loopholes! | Canadians for Tax Fairness

 

[tay]

The federal revenue minister has been called to appear before a parliamentary committee to explain a controversial deal between the Canada Revenue Agency and clients of the financial firm KPMG.

The House of Commons Finance Committee passed a motion Thursday calling on Revenue Minister Diane Lebouthillier to appear before the committee along with CRA officials sometime before May 20.

• CRA offered amnesty to wealthy KPMG clients in offshore tax 'sham'
  
  Opposition MPs on the committee want to know why the CRA offered an amnesty to KPMG clients who took part in an offshore tax scheme in the Isle of Man, which the agency itself labelled a "sham.
  
  Details of the deal came to light through a series of investigative stories by CBC News.
  
  The deal allows "high-net worth" clients of the firm to be free from any future civil or criminal prosecution as well as any penalties or fines if they agree to pay their back taxes and a modest interest charge on their offshore investments.
  
  NDP Finance critic Guy Caron says the minister needs to explain what's going on.
  
  He also wants Lebouthillier to clarify comments she made this week in the House of Commons in which she denied any amnesty had been offered.
  
  "That flies in the face of the facts," Caron said.
  
  "This issue of what happened is a question of transparency, it is a question of governance, of openness but also ministerial responsibility.
  
  Revenue minister to face questions over CRA's secret deal with KPMG - Politics - CBC News

 

[relic]

Why,is the fallback argument for conservatives always personal attacks,that have no bearing on the subject,or plain gibberish ?

 

[mentalfloss]

Why,is the fallback argument for conservatives always personal attacks,that have no bearing on the subject,or plain gibberish ?

Because they're typically old stockers.

Younger conservatives are not so bad, but they still retain that outdated vestige of conservative morality that being selfish is inherently good.

 

[pgs]

Because they're typically old stockers.

Younger conservatives are not so bad, but they still retain that outdated vestige of conservative morality that being selfish is inherently good.

Were as you think it is good to spend your grandchildren's money .
It is always so much easier then living within your means.

 

[bluebyrd35]

But they were investments .

LOL yeah like those new fighter planes that started out with a 9 billion dollar price tag that very shortly became 49 Billion dollar tag. Of course, they are now in very limited use, because on the whole Canadians are not comfortable with willy-nilly bombing of civilians in order to get at military targets. We had to have this F-35 because this is what the US uses.

 

[mentalfloss]

Were as you think it is good to spend your grandchildren's money .
It is always so much easier then living within your means.

The neocon ideology isn't about conserving, it's about spending on yourself.

 

[pgs]

The neocon ideology isn't about conserving, it's about spending on yourself.

Your grand children will still love you despite paying 50 % tax on their income .

 

[bluebyrd35]

You might take a look at a speech given by a 12 year old girl, Victoria Grant on Canada's banking system. This youngster is smarter than the average Canadian adult!!

She outlines specifically where to start fixing our broken system.

 

[JamesBondo]

You might take a look at a speech given by a 12 year old girl, Victoria Grant on Canada's banking system. This youngster is smarter than the average Canadian adult!!

She outlines specifically where to start fixing our broken system.

just watched it. she still advocates borrowing more money.

 

[bluebyrd35]

just watched it. she still advocates borrowing more money.

Ah but the difference is we borrow from ourselves i.e. the bank we own. The Bank of Canada. We pay the interest to ourselves. Now our government borrows from other banks, on non-existent money. Why not pay the interest on non-existent money to a bank we own??

 

[Walter]

Ah but the difference is we borrow from ourselves i.e. the bank we own. The Bank of Canada. We pay the interest to ourselves. Now our government borrows from other banks, on non-existent money. Why not pay the interest on non-existent money to a bank we own??

Ever heard of the Weimar Republic?

 

[bluebyrd35]

I hadn't but I did look it up. There are quite a number of differences between Canada and Germany coming-out of the first world war. A war they started by the way.

First we are struggling with a recession/depression, rather than a war we lost. Second, our massive debt is with Canadian banks, mostly and we are not struggling to pay reparation for other than interest on a debt.. (Which by the way Germany seemed to have reneged on.)

While it is still possible a Hitler is waiting in the Canadian wings with ambitions of world domination with or without allies, I think we have so far dodged that bullet. It is of course quite possible there is a political control freak lurking in the wings. Perhaps, wannabes will be no better than the last.

It makes good sense to lend money to ourselves and pay ourselves fair interest on the loan.

 

[JamesBondo]

Ah but the difference is we borrow from ourselves i.e. the bank we own. The Bank of Canada. We pay the interest to ourselves. Now our government borrows from other banks, on non-existent money. Why not pay the interest on non-existent money to a bank we own??

You are brilliant!

Today, I loaned myself $2 for a coffee. I loaned it to myself at a daily interest rate of 100%.

This evening, I paid off the loan with astounding results.

Yep.I doubled my money, enjoyed a coffee, and I am debt free.

Thank you for your lesson in economics.

 

[bluebyrd35]

You are brilliant!

Today, I loaned myself $2 for a coffee. I loaned it to myself at a daily interest rate of 100%.

This evening, I paid off the loan with astounding results.

Yep.I doubled my money, enjoyed a coffee, and I am debt free.

Thank you for your lesson in economics.

LOL, of course the You in this case did not pay yourself a 50% tax on your total income before hand did you?? Our government does collect these taxes as EVERYONE is well aware of. Why ignore half the equation.?? then proclaim superior knowledge.

 

[damngrumpy]

A crackdown is in order and most people know that they also know when finger pointing
starts in takes on all kinds of twists and turns and the pious end up with egg on their face