It’s time we target the real tax avoiders: corporations
It’s time we target the real tax avoiders: corporations
By Robert McGarvey
Columnist, Troy Media
With all due respect to federal Finance Minister Bill Morneau, if you’re going to declare war on tax cheats, do it right.
The truth is there’s a deep structural flaw in Canada’s (and every other country’s) income tax system. It’s rooted in the unequal tax treatment of one class of individuals over another.
Ever since the 1862 Companies Act in Great Britain, Canada and other English speaking nations have held that corporations are autonomous: the law considers them to be artificial individuals. Corporations enjoy all the rights of normal individuals and are granted extra privileges, including special tax treatment and something called limited liability.
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