Magazine article New Internationalist

Taxes for the Common Good

Magazine article New Internationalist

Taxes for the Common Good

Article excerpt

Canadians for Tax Fairness (CFTF) is a coalition of non-governmental organizations, economists and activists who believe the growing social and economic disparity in the country can only be alleviated by fair taxation.

According to director, Larry Gordon: 'The wealthy influence politics. The tax system is in their favour and more and more tax cuts are given to them. Those who have the ability to pay more should do so.'

CFTF's first target is corporate tax cuts. The corporate tax rate in the 1960s was 40 per cent. By 2010, it had fallen to 18 per cent.

'If corporate tax cuts were stopped, there would be enough money to fund national Pharmacare, to start a national childcare service or to rollback university tuition to 1992 levels,' claims Gordon. 'The claim is that cutting corporate taxes spurs job growth. …

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