Industry Minister Francois-Philippe Champagne says he’s ‘disappointed’ in the lack of transparency Canadian grocery store giants have offered so far when it comes to tackling food inflation. He’s sending a letter to Canada’s Commissioner of Competition to express his dissatisfaction.
The gov’t can request info from the CRA on profits the big grocers make, compare them to pre-pandemic numbers and adjust their tax rate.
The other way is to reintroduce taxation rules from the 70’s (pre Reagan/Thatcher trickle-down stupidity) and force the companies to pay more for larger profits.
@girlfreddy @chris As far as I know all taxpayer information is confidential even from the government.
You can’t adjust the tax rates of INDIVIDUAL companies.
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And we see what happens with every other law that tries something similar. The law spends months or years in deliberation, and eventually when it passes it’s not clear enough of what a ‘grocer’ is, or whether individually owned franchises count, etc.
That’s why none of this shit ever amounts to anything but noise.