Wealth Tax
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Amid Davos, calls are growing to tax the ‘ultra rich.’ Where does Canada stand?'Wealth inequality is out of control and is at levels that we haven't seen before,' said one advocate for higher taxes on the world's wealthiest people.CanadaJan 18, 2023
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Trudeau’s tax plan won’t pay down record levels of debt, experts sayA far higher debt-to-GDP ratio post-pandemic means Canada has far less wiggle room to respond to the next crisis, be it economic, trade, climate or health-related, analysts say.CanadaOct 18, 2021
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Jagmeet Singh takes aim at billionaires, promises to close corporate tax loopholesThe New Democrats plan several measures, including tougher enforcement at the CRA to enhancing corporate tax transparency and capping stock option gains taxed at a lower rate.PoliticsAug 30, 2021
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The NDP wants a wealth tax. Would it work?"To put it bluntly, no other party can make any commitment to invest in people without either cutting existing services or putting the burden back on people," Singh claimed.CanadaAug 13, 2021
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Democratic candidates pitch taxing super wealthy as key 2020 promiseMassachusetts Sen. Elizabeth Warren has suggested a two per cent tax on people with a net worth of more than $50 million, while California Sen. Kamala Harris has proposed rolling back the recent GOP tax cuts for wealthier families.PoliticsFeb 3, 2019
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