The Government of Quebec’s ability to support those affected by tariffs is limited by its financial position
The Government of Quebec is promising to help businesses affected by US tariffs, but how much can it really do? Quebec does have funds set aside for emergencies like this one, according to Preetika Joshi, an assistant professor of accounting at ºÚÁϲ»´òìÈ Desautels. But Quebec’s deficit spending limits what it can do in response. It will need to be more surgical, Joshi told CBC News.
Delve podcast: New Normal: Can Global Financial Transparency Deter Corporate Tax Avoidance? with Preetika Joshi
While tax policies are complicated and often seem unfair, new global solutions can both simplify how corporations pay their taxes and make payment more equitable for countries owed their share of tax revenue.
New policies needed to address the CEWS controversy
Between April and September 20, 53 publicly-held Canadian companies paid out nearly $2 billion to their shareholders despite receiving more than $10 million in federal assistance through the Canadian Emergency Wage Subsidy (CEWS). Prof.
‘Shareholder capitalism’ sparks controversy
The news that more than 60 publicly held Canadian firms have received the Canadian Emergency Wage Subsidy (CEWS) while continuing to pay out dividends has sharply divided public opinion this week. Professor Preetika Joshi enters the debate, pointing to the complexity of balancing profit with corporate responsibility during a crisis.
68 Canadian companies pay out billions in dividends while receiving government subsidies
A recent investigation reveals that as 68 publicly-traded Canadian companies received at least $1.3 billion government assistance through the Canadian Emergency Wage Subsidy (CEWS), they paid out more than $5 billion in dividends during the same time period. According to Professor Preetika Joshi, certain countries were more discerning than others when distributing corporate subsidies.
The long-term impact of corporate tax disclosure
Companies are experiencing increased pressure to open their tax affairs to public scrutiny. But for Assistant Professor Preetika Joshi, it is crucial to first determine how tax transparency will affect corporate behaviour in the long term.
Read more