If you're interested in reading a thorough analysis of the Canadian Wheat Board, here's a start. It's from the Saskatchewan desk of the Canadian Centre for Policy Alternatives.
Excerpt:
"Without the Wheat Board, the big grain companies would totally take over. Farmers would just be contract growers, restricted to the company's varieties, their chemicals, their prices and conditions. For transportation rates and service we'd be at the mercy of the railroads, with no representative body strong enough to take them on."
http://www.policyalternatives.ca/publications/reports/sasknotes-harper’s-renewed-attack-canadian-wheat-board
Saturday, May 28, 2011
Thursday, May 19, 2011
Corporate tax cuts not in best interests of Canadians --letter to the editor of the Lethbridge Herald
Editor,
Even though the election is over, the debate about corporate tax cuts continues, as shown in recent letters to the editor (2011- 04-22, 2011-05-05) and news stories stating Flaherty is set to go ahead with corporate tax cuts. Aside from the fact that there is no clear link between corporate tax cuts and job creation (for example:http://www.policyalternatives.ca/publications/reports/corporate-income-taxes-profit-and-employment-performance-canadas-largest-compa), a serious item has been almost totally ignored in the debate. Munir Sheikh, former head of Statistics Canada and of tax policy at Finance Canada, pointed out in a Globe and Mail column on April 20th (http://www.theglobeandmail.com/news/opinions/opinion/a-canada-us-tax-gap-means-a-canada-us-tax-transfer/article1991567/) that USA taxes US corporations on their world-wide income. If there’s a tax cut elsewhere, such as in Canada, US corporations are required to pay more American tax on their Canadian profits, since the US rate is about twice as high as ours is. This transfer from the Canada treasury to the US treasury amounts to between $4 and $6 billion a year. These missing billions will have to be made up with higher taxes paid by individuals or cuts to services—health care, the environment, food inspectors.
One wonders why the Conservatives plan to go full speed ahead on corporate tax cuts in light of these facts. Cutting taxes is the ideological mantra of conservative governments. Let’s hope ordinary Canadians tell Mr. Harper and Mr. Flaherty to govern with them in mind, not ideology or the best interests of large corporations.
Even though the election is over, the debate about corporate tax cuts continues, as shown in recent letters to the editor (2011- 04-22, 2011-05-05) and news stories stating Flaherty is set to go ahead with corporate tax cuts. Aside from the fact that there is no clear link between corporate tax cuts and job creation (for example:http://www.policyalternatives.ca/publications/reports/corporate-income-taxes-profit-and-employment-performance-canadas-largest-compa), a serious item has been almost totally ignored in the debate. Munir Sheikh, former head of Statistics Canada and of tax policy at Finance Canada, pointed out in a Globe and Mail column on April 20th (http://www.theglobeandmail.com/news/opinions/opinion/a-canada-us-tax-gap-means-a-canada-us-tax-transfer/article1991567/) that USA taxes US corporations on their world-wide income. If there’s a tax cut elsewhere, such as in Canada, US corporations are required to pay more American tax on their Canadian profits, since the US rate is about twice as high as ours is. This transfer from the Canada treasury to the US treasury amounts to between $4 and $6 billion a year. These missing billions will have to be made up with higher taxes paid by individuals or cuts to services—health care, the environment, food inspectors.
One wonders why the Conservatives plan to go full speed ahead on corporate tax cuts in light of these facts. Cutting taxes is the ideological mantra of conservative governments. Let’s hope ordinary Canadians tell Mr. Harper and Mr. Flaherty to govern with them in mind, not ideology or the best interests of large corporations.
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