By Simon Tremblay-Pepin
Originally published on February 26, 2015
See original French text here: http://www.journaldemontreal.com/2015/02/26/letat-nest-pas-une-famille
The President of the Treasury Board recently said on the radio that although a family and a state have size differences, the budget of the one and the other must be understood in the same way. This coming from the mouth of someone who has taught economics is highly surprising. When that same person has important political responsibilities, these words become downright irresponsible.
Of course, the state budget has a column for expenditures and one for income, like that of any family. But as Mr. Coiteux knows, the similarity ends there. Let’s see why.
Taxes should be paid where economic activity is generated.
By Ianik Marcil
Originally published on January 28, 2015
See original French text here: http://www.journaldemontreal.com/2015/01/28/se-payer-un-chum-par-annee
Apple just announced record profits of $18 billion for the last three months of 2014. This represents $200 000 per day. Of profits. Despite all of this, the business manages to only pay 2% taxes on these earnings.
The last few years, some journalists have brought to light the fiscal strategies that allow Apple and some other very big businesses, notably the giants of the technology sector, to pay almost no taxes, despite their formidable profits. They do not falsify their declarations of revenues any more than they hide bundles of bills in safes in their basements. Rather, they have recourse to what we call “fiscal optimization” – a euphemism for tax avoidance.