Canadian Labour Congress

Canadian Labour Congress

January 28, 2014 07:00 ET

Media Advisory: January 29 is Corporate Tax Freedom Day

CLC to release study naming top corporate cash hoarders

Release event to include pig race

OTTAWA, ONTARIO--(Marketwired - Jan. 28, 2014) - The Canadian Labour Congress will release a research study showing that big companies in Canada paid their entire share of taxes to all levels of government by the end of January in 2012. CLC Secretary-Treasurer Hassan Yussuff will be available to respond to questions from the media.

Canadian corporations have received billions of dollars in tax breaks with the expectation that they would invest that money and create good jobs for Canadians. Rather than investing their windfall, companies have hoarded the cash or used it to deliver higher pay packages to CEOs. This has cost Canadians billions of dollars in foregone tax revenues, as well as leading to a higher federal deficit and cuts to public services.

The CLC will name Canada's top serial tax hoarders and the January 29 event will feature a mechanized pig race that will be called by a professional announcer. A video of the 2013 pig race is available at: http://www.youtube.com/watch?v=IE5Zszib-Tk

WHAT: CLC Report: What Did Corporate Tax Cuts Deliver?
WHO: Hassan Yussuff, Secretary-Treasurer, Canadian Labour Congress
WHEN: Wednesday, January 29, 2014
10:00 a.m. EST
WHERE: Sheraton Ottawa Hotel
Rideau Room, 2nd floor
150 Albert Street

The Canadian Labour Congress, the national voice of the labour movement, represents 3.3 million Canadian workers. The CLC brings together Canada's national and international unions along with the provincial and territorial federations of labour and 130 district labour councils. Website: canadianlabour.ca/

Follow us on Twitter: @CanadianLabour

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