Stock buyback tax a ‘modest’ signal Liberals tackling inequality, says economist

Both supporters and opponents of the new tax measure introduced in the fall economic statement are skeptical of the government's claim it will encourage companies 'to reinvest their profits in workers and in Canada.'
Deputy Prime Minister and Finance Minister Chrystia Freeland holds a press conference on Parliament Hill on Nov. 3, before tabling her economic and fiscal update in the House of Commons.
A new corporate tax proposed in the Liberal fiscal update is "a clear step in the right direction" toward tackling economic inequality, according to one economist, while critics dismiss the move as meddling in business affairs and unlikely to change corporate behaviour.

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.


Already a Subscriber?

Get Today’s Headlines Newsletter

Your quick scan of the news you need each weekday to be the smartest person in the room.


By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy

MORE News

RELATED STORIES