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.
Ok, but realistically now, how would you even do that. What would be the law you’d implement to allow you to do that? That’s not how taxes work at all.
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.
You can’t adjust the tax rates of INDIVIDUAL companies.