We’re all familiar with The Fraser Institute and its findings. What some of us may not know is that it’s a tax-free organization that portrays the policies corporations and most of the regular business community wish to have implemented.
There is another institution that publishes policies meant to benefit the general populace. It also enjoys tax-free status and depends on socially reponsible members of the community for support. It is called the CCPA or Canadian Council for Policy Alternatives. Needless to say they have much less money to spend, which may or may not directly contribute to the reason why The Fraser Institute receives so much more publicity.
In any event the CCPA has just published research figures that disprove the correlation between tax cuts for business and job creation: In the last ten years, 198 of Canada’s wealthiest corporations are making 50% more profit while paying 20% less taxes—-all the while creating fewer jobs than provided by the general economy.
Conclusion: The huge tax shift to the rich provided by the HST must be defeated in the coming referendum.