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Articles by DT Cochrane
There’s No Good Reason for Carney to Privatize Canada’s Airports
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There’s No Good Reason for Carney to Privatize Canada’s Airports
Hyundai 19 hours ago His Hyundai Santa Fe burst into flames on busy highway after repairs at dealership CBC News - Philippe de Montigny • 19h Three months after a "traumatizing" vehicle fire, Jason Pelletier is still waiting for answers — and hoping for more compensation — from automaker … Civil Rights 4 hours ago Major federal infrastructure bill promises investors 'speed and certainty' for new projects nationalobserver.com - Darius Snieckus • 4h The Liberal government has introduced the...
Inflation and inequality: How the Bank of Canada’s policies missed the mark Original
We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or Inflation and inequality: How the Bank of Canada’s policies missed the mark The Bank of Canada has announced its fourth interest rate cut in a row and says that high rates successfully tamed inflation. But does the central bank really deserve the credit? Short answer: no. The Bank of Canada currently has a single mandate: manage inflation.
Bolder moves needed for taxing the rich
The big surprise in the 2024 federal budget was a very small, but very important, tax increase on the richest Canadians. Although modest, the increase has some on Bay Street fuming. But the reality is we need to do much more to improve tax fairness and reduce the growing gap between the rich and the rest of us. The 2024 tax changes affect capital gains, or the income received when selling an asset above its purchase price.
Canada’s shift to a more regressive tax system, 2004 to…
Canada's tax system is flat for most Canadians and regressive for the top 20 per cent of households. Our content is fiercely open source and we never paywall our website. The support of our community makes this possible. Make a donation of $35 or more and receive The Monitor magazine for one full year and a donation receipt for the full amount of your gift.
To address the ongoing affordability crisis, Parliamentarians should support Bill C-56 and back unions to counterbalance corporate power
By Dr. DT Cochrane, Senior Economist at the Canadian Labour Congress as published in The Hill Times Bill C-56, better known as the “Affordable Housing and Groceries Act”, gets its third reading this week. It includes an important change for challenging the corporate power that has worsened the affordability crisis: repeal of the “efficiency exception” from the Competition Act.
Opinion: NDP corporate tax hike backed by decades of economic research: tax cuts don’t help the economy
By DT Cochrane While it may not win the votes of C-suite executives, the Alberta NDP’s plan to raise the tax rate for large corporations recognizes what economists have been documenting for decades now: corporate tax cuts do nothing to benefit the economy.
Opinion: NDP corporate tax hike backed by decades of economic research: tax cuts don’t help the economy
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Opinion: NDP corporate tax hike backed by decades of economic research: tax cuts don’t help the economy
Advertisement 1 This advertisement has not loaded yet, but your article continues below. Article content By DT Cochrane Advertisement 2 This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account.
Opinion | Time for Canada’s biggest grocers to pay Canadians back Original
Canadians feeling squeezed at the grocery store should look to Ottawa next week as executives of Canada’s biggest grocers are set to field questions from MPs about rising food prices. The House of Commons committee studying inflation and food prices has summoned the heads of Metro Inc., Loblaw Co. Ltd., and Empire Company Ltd., which owns stores including Sobeys and Farmboy.
Opinion | If we want Canada to recover economically, it’s time to raise the corporate income tax rate
It was welcomed news that the 2022 federal budget included two new taxes on banks and life insurance companies. An additional, one-time tax of 15 per cent will be applied to bank and insurance company profits over $1 billion that were collected during the pandemic. Going forward, a 1.5 per cent surtax will be added to the existing corporate income tax on all taxable income over $100 million for those companies.
Report: The Rise of Corporate Profits in the Time of Covid
The Rise of Corporate Profits in the Time of Covid A Canadians for Tax Fairness Report By DT Cochrane 6 April 2022 HIGHLIGHTS 1. Canadian corporate profit margins skyrocketed in 2021. From 2002 to 2019, corporate profit margins averaged 9%. In 2021, they were 16%. Extreme profit margins drove profits per firm up by 68% over 2019. More than 90% of the increase in sales revenue per firm was profit. 2. Profit margins have soared for both commodity and non-commodity companies.
What Kind of Asset is Our Digital Personal Data?
“It was the ‘Wizard of Oz’ in digital format as the four titans of Big Tech testified via video before the House Antitrust Subcommittee. Just like in the movie, what the subcommittee saw was controlled by a force hidden from view.
Data as asset? The measurement, governance, and valuation of digital personal data by Big Tech
Introduction “It was the ‘Wizard of Oz’ in digital format as the four titans of Big Tech testified via video before the House Antitrust Subcommittee. Just like in the movie, what the subcommittee saw was controlled by a force hidden from view.
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