Thursday, January 26, 2012

Where Should Union Pension Fund Inveestments Go...

...non-profit social and environmental organizations, protest groups like Occupy and OCRAP, etc.?

Tasha Kheiriddin: Don’t scapegoat corporate Canada

It’s not a good time to be rich in North America. Millionaires and corporations have become the punching bags of both the left and the right, with Occupy protestors, Barack Obama, Warren Buffett and even Republican presidential contenders all taking their jabs.
You can now add to that list the Canadian Labour Congress (CLC) — a union umbrella group — which has just released a study purporting to calculate “Corporate Tax Freedom Day.”
The CLC report parodies the Fraser Institute’s annual “Tax Freedom Day study,” which calculates the day of the year on which Canadian taxpayers start working for themselves, having discharged their fiscal burden to the government. (In 2011, it came on June 6.) The CLC pegs the corporate-tax date at February 1, earlier than in previous years due to corporate tax reductions by successive Liberal and Conservative governments over the past decade. Read More »

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