50 Years of Cutting and Pasting

For instance, the OECD has encouraged Canada to “[r]eview the tax system to ensure that it remains effi cient—raising suffi cient revenues to fund public spending without imposing excessive costs on the economy—equitable and supports the competitiveness of the Canadian economy.”2 Similarly, the IMF’s executive board of directors has suggested Canada conduct “a careful and independent review of the [...] For taxpayers, the struggle to of the effectiveness of this tax policy strategy in comply with increasingly complex provisions Canada is that, despite of the rate reductions of tax legislation has made navigating the tax over this period, corporate tax revenues system more challenging. [...] For many of them, have continued to increase, and the ratio of self-assessment and fi ling of a return are just the corporate taxable income to GDP has beginning of a long and protracted process of remained stable.44 dealing with the tax authorities. [...] Recommendation 1: Recommendation 3: Appoint a Royal Commission to conduct a comprehensive review of the Canadian Adjust the tax mix to better promote business tax system investment and economic growth The federal government should appoint a The federal government should examine what Royal Commission to undertake a whole-of- tax mix will maximize investment in the capital, system review of taxation [...] Recommendation 2: Recommendation 4: Broaden the tax base to explore the most effective Bridge the digital tax divide to ensure a fair and tax policy solutions equitable tax system The federal government should consider The federal government should require foreign base-broadening measures to increase the digital companies to charge an appropriate value- amount of economic activity subject to taxat