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March 27, 2014

Taxes and the Common Good

Thursday, April 3, 2014, the Interfaith Social Assistance Reform Coaltion (ISARC) has Dr. Alex Himmelfarb speaking about Taxes and the Common Good.

Alex is the Director of the Glendon School of Public and International Affairs. He is also a former Clerk of the Privy Council.

Alex has also co-edited Tax is Not a Four Letter Word.

To register for the forum contact
ISARC.

March 6, 2014

The Failure of Corporate Tax Cuts

I am reading the Great Revenue Robbery -- put out by Canadians for Tax Fairness and published by Between the Lines.

I picked up the book months ago when Dennis Howlett was in town on a book tour. I'm slowly making my way through the book. Alot of interesting stuff.

Jim Stanford's chapter on the failure of corporate tax cuts is a particular eye opener. Since the late 1980s, federal and provincial governments have steadily cut the corporate tax rate.

The economic rationale behind cutting corporate tax rates is that businesses will invest more if they can keep more of their profits.

Turns out it hasn't really worked.
Since the mid-1980s...business investment spending has declined, but business cash flow has increased.