Just what is progressive in taxation?
RE: CRA vows action on Paradise Papers tax evaders (Nov. 6)
Let me see if I understand this, according to the article and the CRA: ‘Offshore accounts are used by wealthy people and companies around the world as a perfectly legitimate way to reduce their tax burden”. Hmm, as opposed to what, money that is earned and set aside by small business people in plain sight that Morneau has labelled as tax loopholes, that must be closed in the interest of tax fairness? Are the CRA and Prime Minister Trudeau on the same page, because “Trudeau also said that despite an improving financial situation for the government and a strengthening economy he would stick to his plan to reform the tax system from one that benefits the wealthy to one that is progressive.”
Does anyone know what the PM means by progressive or to whom he is referring? I for one am having trouble determining whether Trudeau is talking about the Bronfman’s offshore accounts or the accounts of small business people who are squirreling away a few bucks for their retirement? Joe Gaetan, Burlington