CEWS study shows Liberals give handouts to the richest corporations « Canada’s NDP

February 9, 2023 at 1:30 am  Federal, Politics

OTTAWA – NDP Critic for Tax Fairness Niki Ashton (Churchill—Keewatinook Aski) released the following statement in response to the new report by Canadians for Tax Fairness on how some of the richest companies in the country used the Canada Emergency Wage Subsidy (CEWS) while avoiding paying billions in taxes:

“During the pandemic, while Canadian families were struggling to make ends meet, Justin Trudeau’s Liberals allowed some of the wealthiest corporations in the country to pocket public money while avoiding paying what they owe. This report reveals that 74 Canadian companies rely heavily on tax avoidance schemes like tax havens. Half of them received the CEWS and used that money for dividends, share buybacks and acquisitions.

Liberals told Canadians that this program was designed to protect jobs during the pandemic — and yet these companies are still operating under reduced employment.

The Liberals let these companies off the hook for abusing the CEWS. They let these corporations use public money to line their pockets at the expense of higher housing costs, higher grocery bills, and higher gas bills for you and your family. And while Pierre Polievre and the Conservatives pretend to be friends of workers, they refuse to make rich CEOs pay what they owe so families can cope with the high cost of living.

In 2015, Justin Trudeau promised he’d crack down on tax avoidance — eight years later, Canada’s wealthiest continue to hide their money to avoid paying their taxes. New Democrats have called on the Liberals to change the laws to ensure the ultra-rich don’t get away with avoiding paying their taxes. We have also called for a windfall tax so we can invest in real help for people.

Justin Trudeau and Pierre Polievre will always side with the billionaire class.

Only the NDP fights for you and your family — not the ultra-rich and powerful.”

View the full article from the original source

No conversations yet

Activity Stream

Thu, Apr 18, 2024 at 8:00 am - David Suzuki posted on their blog: Igniting the great global transformation
Thu, Apr 11, 2024 at 4:00 am - David Suzuki posted on their blog: Carbon pricing 101: How it works!
Thu, Apr 4, 2024 at 8:00 am - David Suzuki posted on their blog: Carbon pricing is good for the climate and affordability
Thu, Mar 28, 2024 at 8:00 am - David Suzuki posted on their blog: Climate change, water and ice are inextricably linked
Thu, Mar 21, 2024 at 8:00 am - David Suzuki posted on their blog: Fossil fuel industry gaslighting puts world at risk
Thu, Mar 14, 2024 at 8:00 am - David Suzuki posted on their blog: Alberta adds fuel to the climate crisis fire
Thu, Mar 7, 2024 at 11:30 am - Doug Smith posted on their blog: KamloopsTrails.ca – Kamloops Trails
Thu, Mar 7, 2024 at 8:00 am - David Suzuki posted on their blog: Valuing exponential growth as “progress” is unsustainable
Tue, Mar 5, 2024 at 8:30 am - Doug Smith posted on their blog: Ridge Lakes on Spikes – Kamloops Trails
Mon, Mar 4, 2024 at 2:15 pm - Kamloops Film Society posted on their blog: Castanet – Kamloops Film Society kicks off 28th annual film festival, celebrates 50th anniversary
Full Stream