Letters
Only one way to spread the wealth
RE: “GOUGING HURTS THE ECONOMY” (De- cember 2015, by David Descôteaux). I have been working in the business in- dustry for 29 years and not once have I heard that because the government has lowered taxes we will give bigger raises next year or lower prices to our customers. Every discussion has been about profit before tax. When you try to compete with less than 10¢ on the dol- lar in wages from Third World countries you cannot lower taxes enough to incent investment; it is impossible. Companies do not redistribute wealth because taxes are lower; taxes are the only way to redistribute wealth. The top-10 CEOs in America have a re-
tirement package worth $1.4 billion. Why don’t we talk about how the trans- fer of wealth to the few who cannot pos- sibly spend it all hurts the economy. James Knopf TORONTO
Conscious — un or sub?
“A HEAD FOR NUMBERS?” (December 2015, by Mary Teresa Bitti) is a thought-provok- ing and interesting discussion about our inner accountant’s secrets. I am a bit confused about the first sentence though. Did Paul Foster really think about the workings of the un- conscious brain; perhaps it was sub- conscious? Joseph Zamuda CALGARY
Controversial but ethical
IN HER COLUMN “It’s Lawfully Unethical” (October 2015), Karen Wensley raises im- portant questions that have been at the heart of the tobacco debate in Canada for decades. The fundamental one is: can a tobacco company operate ethically? I understand that tobacco is a controversial industry. However, I would strongly argue the an- swer is yes and that Imperial Tobacco Canada does. Wensley has a decidedly narrow view
of ethical business practices and limits her arguments to our product. Our prod- ucts pose real and serious health risks and the only way to avoid these risks is not to use them. Despite this knowl-
Online Features Visit
cpacanada.ca/cpamagazine for news, web-exclusive features, archives and more
No time to party For the first time, recession fears forced many cities in Brazil to rein in their carnival festivities
cpacanada.ca/mag-brazil
The Internet’s nonbillionaire Wikipedia is now the world’s most- linked-to website, but its founder has never sought to monetize it
cpacanada.ca/mag-wikipedia
Coming next month: cloud survey results What we can learn from our first-ever poll on cloud computing. For our primer and survey, go to
cpacanada.ca/mag-cloudsurvey16
CPA Magazine reader poll We want to know what you think. Go to
cpacanada.ca/cpamagazine to take our monthly survey. Results will be discussed in an upcoming issue
4 | CPA MAGAZINE | MARCH 2016
They sell sequels Star Wars’ box-office sales confirm that Hollywood is now in the sequel-manufacturing business
cpacanada.ca/mag-sequel
ERP vendor survey Our roundup of the latest in enterprise resource planning software
cpacanada.ca/mag-ERPsurvey15
We’d like to hear from you
277 Wellington Street West, Toronto, Ontario M5V 3H2
letters.editor@cpacanada.ca Letters may be edited for space and clarity
Buda Mendes/Getty Images
Bloomberg/Getty Images
Andrew Burton/Getty Images
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72