Just what is progressive in tax­a­tion?

The Hamilton Spectator - - OPINION -

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

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.