If two reports, one private and one governmental, are to be believed, Canada’s federal government is shorted to the tune of fifty billion dollars a year in taxes that don’t get collected. This loss includes aggressive tax evasion and questionable offshoring of assets. Ouch!
For starters, ten per cent of that money would get a nice housing program off the runway pretty quick.
Two features from well-regarded Canadian magazines about how we might produce cash for things of public good:
Canada is ready for toll roads and carbon taxes. A majority of voters now favour user fees, but cowardly politicians are getting in the way
Ontario is proving that taxing the one per cent works. Despite decades of tax cut rhetoric, you really can ask the rich to pay more taxes. Ontario did, and high-priced talent didn’t flee the province
image: Marc Falardeau via Flickr/CC
The more we look at this Strong Towns feature the more of a knockout it becomes. The author was part of a municipal financial data project in a US city recently. Part of the project’s output was a map of local costs and revenues. Check out the cost of those post-war ‘burbs for this fairly typical North American city, you’ll be amazed.
The real reason your city has no money