TRUDEAU TARGETS TAX EVASION
Prime Minister Justin Trudeau says paying taxes and caring for each other is part of our responsibility as Canadians, as he targeted offshore tax evasion and rising income inequality in a speech Thursday.
In the country’s 150th year, Trudeau said in a speech on the state of Canadian Confederation that the promise of progress has become increasingly elusive.
Despite a strong economy, he said “not everyone is getting a share of that successes” as Canadians struggle to find jobs that pay a living wage.
Over the past three decades, he said most Canadians saw their incomes grow by less than one per cent a year in real terms while the wealthiest saw their incomes nearly triple.
“We have to tell the truth about income inequality and what it means for Canadians,” he said. “We’re Canadian and we’re polite and we don’t like to talk too much about money because it might make someone uncomfortable.”
He added: “As uncomfortable as it might be to talk about it, it’s a lot more uncomfortable to live it.”
Trudeau said top earners bear some
responsibility for rising income disparity and called on business leaders to look beyond the short-term interests of shareholders to the long-term responsibility they have to workers and the communities that support them.
It’s unfair parents are forced to decide whether they can afford winter boots for their children while the CEO at their company gets a million-dollar bonus, he said.
Trudeau said Ottawa has committed nearly $1-billion to investigate offshore tax evasion and aggressive tax avoidance, an investment he said is paying off in recouped tax revenues and penalties.
“There are people in Canada who are so wealthy that not only do they think they don’t need to pay their fair share of taxes, they’re forcing us to spend a billion dollars to go after them just so they’ll do the right thing and pay what they owe,” he said.
His comments came as the government came under questioning in the House of Commons over a top Liberal fundraiser whose name surfaced in leaked documents that provide details on legal, offshore tax havens used by the wealthy. Trudeau has previously said he’s accepted Stephen Bronfman’s response to the so-called “Paradise Papers” that he has never funded nor used offshore trusts, and that all his Canadian trusts have paid all federal taxes on their income.
The prime minister was presented with a Symons Medal for his contribution to Canadian life at the Confederation Centre of the Arts in Charlottetown.
He held a lengthy question and answer session following his lecture, in which he touched on carbon reduction and the environment, LGBT rights, expectations for newcomers to Canada and North Korea’s nuclear weapons development.
Earlier in the day, Trudeau touched on more lighthearted topics, such as not being able to pop into a Canadian Tire for a screwdriver or grab a double-double at Tim Hortons without “causing a bit of a kerfuffle.”
In an off-the-cuff radio interview in P.E.I. that touched on shopping, sports, fashion and TV dramas, Trudeau said it’s hard for him to partake in these commonplace and quintessentially Canadian outings.