Windfall tax on large Canadian companies needed to recover public funds: report
Canadians for Tax Fairness says many of these companies also reported impressive profits in 2022 as pandemic restrictions lifted and the economy improved.The group says a windfall profit tax on all large corporations would force corporations to give back some of the public funds they received and assist with the country’s overall recovery.
The head of the Canadian Revenue Agency recently said it wouldn’t be worth reviewing more than $15.5 billion in potentially ineligible pandemic wage benefits flagged by the Auditor-General.
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