Silas Xuereb
@silasxuereb.bsky.social
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📥 99
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(Political) Economist
@c4tf.bsky.social
, PhD candidate. Views my own
While this will help some households with gas prices, this is not the solution we need - Big Oil is profiting immensely from this crisis, now those profits will come at the expense of our public services as well as workers' paychecks. We should be redistributing those profits not our public services
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7 days ago
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Unlike most countries around the world, Canada could actually experience economic growth due to the US' illegal war on Iran. But, we need to focus on its distribution, not growth itself. The status quo means all that growth will be captured by a select few while the rest of us face higher prices...
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12 days ago
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Another year of record corporate profits, new tax cuts for corporations, and investment still did not budge. We need a different approach.
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about 1 month ago
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The extremely concerning provisions in Bill C-15 that could exempt corporations from myriad federal laws still have not been removed. Committees added some additional caveats but the bill still allows a single minister to exempt any corporation from paying income taxes.
350.org/press-releas...
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350.org raises the alarm about Canada’s undemocratic Bill C-15
Vancouver / Traditional, ancestral, and unceded territory of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səlilwətaɬ (Tsleil-Waututh) Nations February 26, 2026...
https://350.org/press-release/c15/?r=CA&c=NA
about 1 month ago
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Higher gas prices are going somewhere: into the pockets of the owners of the oil and gas industry. An excess profits tax could redistribute those funds back to us. For more information on what that could look like:
www.taxfairness.ca/en/resources...
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about 1 month ago
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reposted by
Silas Xuereb
Mr. Javaid
about 2 months ago
Canadian oil profits for the Big 4 are set to soar as the US/Israel strikes on Iran rattle global markets. 📈 While prices spike, Cdn producers could reap a "risk premium." We should tax these windfall profits to invest in future-proof, climate-resilient energy. We need a windfall tax on O&G now.
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🚨NEW REPORT: Our new report, along with our friends at BC Policy Solutions, estimates wealth concentration in Canada from 1999-2023. We find that the share of wealth owned by the top 1% increased from 19.3% to 22.7% over this period.
www.taxfairness.ca/en/resources...
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The new robber barons: A quarter century of wealth concentration in Canada
A quarter century of wealth concentration in Canada Billionaires. Wealth taxes. Stock market booms and busts. In one form or another, wealth is in the headlines day after day. But what actually is wea...
https://www.taxfairness.ca/en/resources/reports/new-robber-barons-quarter-century-wealth-concentration-canada
2 months ago
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My latest for CCPA is actually not about taxes! But amidst the celebration of Carney's Davos speech, his government is continuing to make very concerning moves you probably haven't heard about...
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3 months ago
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No end is in sight for the race to the bottom on corporate taxation shown below. The OECD confirmed today that US multinationals will be exempt from the GMT agreement and created a new carveout for tax credits, meaning even the meagre 15% rate is unlikely to apply to most multinationals in Canada
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4 months ago
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The surge in corporate profit rates that began during COVID has never ended - a greater share of corporate revenue is profits than ever before, and we are taxing those profits less than ever. No wonder CEO pay has hit another record high!
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4 months ago
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Where is the critical coverage of the budget implementation bill? It allows ministers to exempt ANY entity from ANY federal law (except the criminal code). The CCF says this gives ministers the power to "act like dictators" yet I haven't seen a single English-language media outlet cover this
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CCF warns that C-15 would allow Carney gov’t to exempt any person or company from almost any law - Canadian Constitution Foundation
TORONTO – The CCF is concerned that a provision in Bill C-15 would give federal ministers the power to exempt any individual or business from almost any law
https://theccf.ca/ccf-warns-that-c-15-would-allow-carney-govt-to-exempt-any-person-or-company-from-almost-any-law/
4 months ago
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As the federal gov inconceivably lifts regulations on oil and gas and lays the groundwork for a new pipeline, a reminder that our recent research found "Canada's" O&G industry's recent expansion increased payouts to foreign shareholders without adding any new jobs
www.taxfairness.ca/en/resources...
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5 months ago
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Silas Xuereb
Olúfẹ́mi O. Táíwò
7 months ago
the "tax the billionaires" political refrain is Good Actually in part because it is a call for the people at the top to actually be constrained by rules informed by the public interest, a virtue that fingerwagging correctives about how much revenue such taxes would *really* generate doesn't address
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In our latest for The Breach, Jared and I do a deep dive on how continued tax haven abuse is not just despite our government policy - it's because of our government policy.
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8 months ago
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Great to see income inequality getting the in-depth coverage it deserves! When we think about economic policy, we need to think not just about growth, but about how economic growth will be distributed - too often it has benefitted shareholders and CEOs, not workers.
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8 months ago
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After decades of international cooperation and the domestic implementation of a global minimum corporate tax, the use of tax havens must be declining, right? Actually, our new report finds Canadian assets in tax havens hit a record $682B in 2024, up 165% from 2014
www.taxfairness.ca/en/resources...
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The rise and rise of tax havens
Introduction: Canada has a big tax haven problem
https://www.taxfairness.ca/en/resources/reports/rise-and-rise-tax-havens
9 months ago
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When asked about preventing corporate tax avoidance, Carney promised to review the corporate tax system but failed to commit to any meaningful action to stop the use of tax havens. With
@c4tf.bsky.social
, I explained why all parties need to address this now:
www.taxfairness.ca/en/resources...
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All parties must address tax havens in this election
In 2023, Canada’s investment in the top 15 tax havens hit a record $620B. As tax ha
https://www.taxfairness.ca/en/resources/news-views/all-parties-must-address-tax-havens-election
about 1 year ago
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While affordability concerns heightened during the pandemic, they were not new... Half of Canadians’ market incomes increased less than the cost of living from 1982 to 2022. Shelter costs increased from 23.4% of a typical household’s budget in 1982 to 31.4%.
www.taxfairness.ca/en/resources...
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Canada's affordability divide: How the 1%'s rise left millions behind
Affordability and neoliberalism
https://www.taxfairness.ca/en/resources/reports/canadas-affordability-divide-how-1s-rise-left-millions-behind
about 1 year ago
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