Tag : Corporate Profits and Pay

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December 20, 2018
issues

Social Justice and Democracy

Everyone deserves a fair chance to succeed and contribute. Economic and social barriers can prevent people from reaching their fullest potential. Working together, we can help to remove those barriers.
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July 31, 2017
Uncategorised

TWLH-Oct-2

As Canada moved into the 1970s, workers faced difficult economic times. Work was changing with the early stages of globalization and automation. Workers were losing their jobs as employers adopted new technologies at home and shifted production to lower-paid workers overseas. Inflation was on the rise along with that unemployment. The Canadian dollar lost its value and drastic increases in…
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July 5, 2016
Uncategorised

Trudeau government must put an end to Canada Post’s pension attack

Canada Post Corporation is set to lock out 50,000 postal workers and jeopardize mail service across Canada as early as this Friday. In spite of long-standing profitability, Canada Post is proposing steep concessions that would entrench unfair wages and undermine pensions for future generations. The Canadian Labour Congress (CLC) responded by calling on the Trudeau government to rein in the…
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February 2, 2016
Uncategorised

TPP: A Conservative deal that’s bad for Canada

This week the federal government plans to sign on to the Trans-Pacific Partnership (TPP), after which Canada will be locked into a two-year countdown to ratify the deal, despite the controversy surrounding it. Last week, Canadian Labour Congress President, Hassan Yussuff, and several other Canadian union leaders met with Trade Minister Chrystia Freeland to express serious concerns about the deal.…
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May 12, 2015
research

The gig-economy: Uber good or Uber bad?

If you’ve used the Uber app for a cheap ride, bought or sold products on Kijiji, rented room on Airbnb, donated to a campaign through Indiegogo, or used Handy for help around the house, you’ve taken part in a rapidly emerging trend: the gig-economy. The gig-economy has generated USD $15 billion in revenues for transportation, retail, accommodation, service, and financial…
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January 30, 2014
Uncategorised

Opinion: Why Slashing Corporate Tax Rates Was Detrimental to Ordinary Canadians

As published on huffingtonpost.ca A Canadian Labour Congress research report shows that, due to lavish tax breaks, the largest of Canada’s non-financial corporations had paid their entire share of taxes to all levels of government in 2012 by the end of January. We call that Corporate Tax Freedom Day. Since 2000, the general federal corporate income tax rate has been…
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January 29, 2014
Uncategorised

January 29 is Corporate Tax Freedom Day – CLC report: Many businesses hoarding cash from tax giveaways rather than invest in creating jobs

OTTAWA ― A research study by the Canadian Labour Congress shows that Corporate Tax Freedom Day occurs on January 29.  “Governments have slashed corporate taxes so deeply that in 2012 companies paid their share of taxes to all levels of government for the entire year by January 29,” says CLC Secretary-Treasurer Hassan Yussuff. “We hold Corporate Tax Freedom Day to…
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January 29, 2014
research

What did Corporate Tax Cuts Deliver? A Background Report for Corporate Tax Freedom Day 2014

It has become the norm to believe that cutting corporate income taxes is good for the economy. We have been led to believe that cutting corporate income taxes to increase after-tax corporate profits would lead companies to re-invest in operations like research and development, machinery and staff training to boost productivity. This in turn would stimulate economic growth, and create…
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January 10, 2014
research

What did Corporate Tax Cuts Deliver? (2013)

Due to ongoing corporate tax cuts, corporate income tax makes up a falling share of all government revenues. In fact, by the end of January 2011, corporations had fully paid their share of provincial and federal taxes, two days earlier than in 2010. The general federal corporate income tax rate stood at 28% in 2000. It was cut to 21%…
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January 13, 2013
Uncategorised

CLC report: Corporate Tax Freedom Day is January 30 – Big businesses hoard cash from tax giveaways, not investing in jobs

OTTAWA – A research study by the Canadian Labour Congress shows that CEOs in Canada could be dancing in their suites to celebrate Corporate Tax Freedom Day on January 30. Their companies will by then have paid their share of taxes to all levels of government for the entire year. “Corporate income taxes amounted to only 8.3% of all government…
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