Canada’s Ministry of Finance says it’s aiming to make everyone pay “their fair share of tax” but is not committing to an elevated tax on energy companies who are reporting sizeable windfalls while consumers feel pinched at the gas pumps.
The ministry’s statement comes on the heels of United Nations Secretary General Antonio Guterres sharply criticizing the world’s energy companies for making a profit at the expense of the poor.
On Wednesday, Guterres said the world’s top energy companies made $100 billion in the first quarter of this year and that those profits should be taxed and then used to support the most vulnerable people through
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