NDP Leader Jagmeet Singh has announced a new motion to tackle corporate greed and excessive CEO pay.
Singh outlined a plan Tuesday morning at Parliament Hill to tax large corporations that pay their top executives at least 50 times more than their median workers.
If the motion is passed, the plan will recover hundreds of millions of dollars a year, require large companies to disclose their CEO-worker pay ratios, and include regulations to prevent tax avoidance and the use of contractors to avoid paying the penalty.“Under this Liberal government, the ultra-rich are getting richer and hardworking Canadians are falling further behind,” he said in a news release. “Canadians are playing by the rules and doing everything right. That should mean something.
“But hardworking people’s wages aren’t rising as fast as those at the very top. And Canadians are tired of seeing politicians support unchecked corporate greed.”
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