Classic Blue: A calming vision of hope and optimism

 

 

Pantone’s choice of Classic Blue as its 2020 Color of the Year is a calming vision of hope and optimism for the new decade.

The color blue is everywhere around us: in the sky we look up to each morning and in the seas we travel across. It’s also the current buzzword of the beauty, wellness automotive and tech industries.

Fitting, then, that to start the new decade, US trend-forecasting company Pantone has revealead its 2020 Color of the Year: Classic Blue, a hue it has described as being a “universal favorite”. (The 2019 selection was the “life-affirming” Living Coral, which was said to highlight the need for real-world experiences versus social media.)

Pantone noted Classic Blue’s ability to instil calm and confidence, and its way of offering a dependable and stable foundation on which to build “as we cross the threshold into a new era”.

“We are living in a time that requires trust and faith. It is this kind of constancy and confidence that is expressed by Pantone 19-4052 [Classic Blue],” remarks Leatrice Eiseman, executive director of the Pantone Color Institute. “A boundless blue, evocative of the vast and infinite evening sky, Classic Blue encourages us to look beyond the obvious to expand our thinking – challenging us to think more deeply, increase our perspective and open the flow of our communication.”

Interestingly, blue is also not a color associated with its traditional traits of sadness, despite centuries of artistic and literary minds using the hue to represent melancholy, including jazz music (such as Miles Davis’s Kind of Blue) and the genre of blues itself. “People don’t associate blue with sadness anymore,” says Eiseman. “I think that’s kind of an older-generation reaction.”

For 20 years, Pantone’s Color of the Year has influenced product development and purchasing decisions in numerous industries, including fashion, home furnishings, and industrial design, as well as product packaging and graphic design. Interestingly, its first-ever color pick in 2000 was for Cerulean Blue.

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Formula One series zooms into view

Virtual version of world’s fastest car race fulfilling the need for speed

Engines vroom and tires squeal as 20 Formula One cars jostle for position at Shanghai International Circuit. Commentators raise the volume when the action heats up at turns, and spectators clap for smart passes or successful defenses.

In reality, the racers are sitting in car-shaped simulators on a laser-lit stage, with their hands gripping the wheels and their eyes glued to screens.

Welcome to the virtual form of the fastest car race on Earth.

Last Sunday, Shanghai student Tang Tianyu took the checkered flag first to win the Formula One E-sports Series’ inaugural China Championship at Hui Space in Shanghai Stadium.

The triumph earned Tang a prize of 135,000 yuan ($19,300) and a ticket to the Formula One E-sports 2020 Pro Draft in London later this year.

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The best Premier League fantasy football defenders for 2019-20

Focus on full-backs or go for the goal-scoring centre-back? Goal takes a look at the best fantasy football defenders

Figuring out which defenders to pick in fantasy football can be a difficult task.

Depending on which formation you go for, you can prioritise the acquisition of certain players, but which ones should you put in your team?

With the new Premier League campaign here, Goal takes a look at the best defenders to choose in your fantasy football team, including a few bargains.

Don’t forget to listen to our new   fantasy football podcast   for more tips and advice throughout the season!

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Best fantasy football defenders

A defender’s first job is always to keep clean sheets , but the best fantasy football selections are those who get goals and assists as well.

Full-backs tend to be the highest scoring defenders in fantasy football, but there are some notable centre-back exceptions.

*Prices from the official Fantasy Premier League game .

Trent Alexander-Arnold | Liverpool | £7.5m

In Trent Alexander-Arnold, Liverpool boast potentially the best right-full back in world football and his displays for the Reds over the past few seasons have been world class.

Alexander-Arnold is a full-back who can deliver havoc-inducing crosses from practically anywhere as well as being adept at finding the net himself.

What sets him apart from his partner-in-crime Robertson is his set-piece ability, being more than capable of smashing the ball into the top corner from a free kick.

Andy Robertson | Liverpool | £7m

Liverpool have, arguably, the most effective full-backs in the Premier League and Andy Robertson is the man who patrols the left side of defence.

The Scotland captain is a mainstay at left-back and a near-permanent fixture down the left wing, chipping in with plenty of assists over the course of the season.

He is one of the most expensive defenders in fantasy football, but he will be worth it.

Ricardo Pereira | Leicester City | £6.4m

Portugal international Ricardo Pereira took little time to settle into life in the Premier League when he arrived at Leicester City from Porto last season, but he has taken his performances up a gear.

The flying full-back is enjoying his role at the club under the instruction of Brendan Rodgers, who encourages an attacking style of play.

Virgil van Dijk | Liverpool | £6.4m

Virgil van Dijk was crucial in Liverpool’s defensive solidity last season, with his composure filtering through the team and that hasn’t changed much in 2019-20.

While Van Dijk isn’t going to get forward as his team-mates Robertson and Alexander-Arnold will, he is a formidable set-piece threat and was involved in eight goals last term (four goals, four assists).

Ben Chilwell | Leicester City | £5.7m

England international Ben Chilwell is one of the best left-backs in the Premier League and he is still only in his early 20s. 

He is playing in a strong defence and, of course, his main strength is getting forward where he can have a decisive impact by setting up goals.

Matt Doherty | Wolves | £6.1m

Republic of Ireland international Matt Doherty has been a star performer in Wolves’ attacking 3-5-2 formation, thanks to his desire to get into the box.

His performance in fantasy football last season, when he scored four goals and set up seven, saw his price shoot up and he has continued in the same vein in 2019-20.

Lucas Digne | Everton | £5.7m

Former Barcelona full-back Lucas Digne has always been an accomplished set-piece taker and his worth to Everton has been emphasised this season.

While the Toffees have struggled somewhat defensively through the season, Digne is a player they will look to for inspiration, either through a marauding overlapping run or a free kick.

Best fantasy football bargain defenders

Since the price range for defenders goes from £7m to £4m, it is hard to find a true bargain, but high-scoring defenders at £4.5m-£5m can be found.

Here’s a few suggestions that could end up bargains this season.

John Lundstram | Sheffield United | £5.1m

Down as a defender despite the fact that he is an all-action midfielder, John Lundstram is a tremendous bargain – even though his price has gone up! – on fantasy football.

The former Everton youth has an eye for a goal and has provided assists for his team-mates as well – those are highly valuable skills for defenders to possess.

Caglar Soyuncu | Leicester City | £5.1m

Any fears that Leicester City fans may have possessed following the departure of Harry Maguire to Manchester United will have been allayed following the performances of Caglar Soyuncu.

The centre-back has excelled for the Foxes under Brendan Rodgers and is proving to be a solid fantasy football bargain.

Lewis Dunk | Brighton | £4.8m

Lewis Dunk is the Brighton captain and one of his strengths is his ability to score headers or to use his physicality to cushion the ball for his team-mates.

However, Dunk’s through-passes this season have been incredible and he has produced some breathtaking defence-splitting balls from the backline.

George Baldock | Sheffield United | £5m

Few fantasy football managers would have looked to Sheffield United for players at the start of the season, but they have shown themselves to be a strong team, with a resolute defence.

Their wing-backs are Enda Stevens and George Baldock both like to get forward to join in attacks, but Baldock is cheaper than Stevens – though the gap between them has closed since the start.

Barcelona transfer targets: Neymar, Lautaro & players linked with the club

All the latest Blaugrana transfer news, rumours, quotes, gossip and done deals for the January 2020 transfer window

Barcelona’s activity in the transfer market in recent seasons has been marked by a new willingness to spend record sums of money.

Recruits such as Antoine Griezmann, Philippe Coutinho and Ousmane Dembele are testament to that fact, costing a combined €350 million (£300m/$390m) plus add-ons.

The goal behind the strategy is to build a team that will become the undisputed best in the world, with players who will complement the jewel in the crown, Lionel Messi.

Goal will keep you on top of all the latest transfer news, rumours – including insight from our correspondent Ignasi Oliva – and gossip regarding Barcelona’s targets right here with regular updates.

Contents

  1. Top Barcelona transfer targets
  2. Latest Barcelona transfer news & rumours
  3. Potential Barcelona exits
  4. Confirmed Barcelona transfers

Top Barcelona transfer targets

It is unlikely that Barcelona will bolster their squad during the January transfer window, but there are a number of targets being lined up with a view to making a series of summer swoops.

Neymar is the number one target and, despite missing out last summer, Barca are determined to strike a deal with Paris Saint-Germain that will allow the Brazilian to return to Camp Nou.

As the Catalan giants look to a future without Luis Suarez, Inter striker Lautaro Martinez is considered the perfect replacement and a player who is already fostering a partnership with Lionel Messi with Argentina.

In the long tradition of La Masia graduates returning to the club, Dani Olmo is moving closer to a switch from Dinamo Zagreb. Barca are understood to be ahead of Chelsea and Manchester United in the race.

Matthijs de Ligt is still a target for Barcelona and they would love to reunite the Dutch youngster with his former Ajax team-mate Frenkie de Jong, but will be forced to wait for now.

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Latest Barcelona transfer news & rumours

Iniesta unsure Neymar would fit at Barca

Andres Iniesta has endorsed a possible Barcelona move for Paris Saint-Germain forward Neymar but he remains unsure if the transfer is necessary for the club.

Neymar has long been linked with a return to Camp Nou, with the ex-Santos star having been keen to leave PSG and make the move back to Spain in the summer transfer window.

Full story here!

Vidal is one of our targets, says Inter chief

Inter general manager Beppe Marotta has confirmed the club’s interest in Barcelona midfielder Arturo Vidal.

The Serie A leaders are looking to bolster their squad in the January transfer window, as they attempt to sustain their title charge under Antonio Conte.

Full story here!

Umtiti wanted by Man Utd, Arsenal & Spurs

Barcelona defender Samuel Umtiti is a winter target for Manchester United, Arsenal and Tottenham, according to El Desmarque.

The France international could be on the move in the coming weeks, with the World Cup winner having slipped down the pecking order at Camp Nou.

Barcelona offer €6m for Matheus Fernandes

Barcelona have opened negotiations with Palmeiras for midfielder Matheus Fernandes, according to reports in Spain.

The Catalan side have made a €6 million bid for the 21-year-old, but the deal is made complicated by the fact his previous side, Botafogo, still own some of his rights and must agree to let him go to Spain.

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Potential Barcelona exits

Chile international Arturo Vidal has endured a winter of discontent at Camp Nou and rumours of a switch to Antonio Conte’s Inter have been fuelled by a disagreement he has had with the club over bonuses.

Vidal is expected to be joined in leaving by Ivan Rakitic, though the club are unwilling to let either depart until the summer in order to ensure adequate depth for their Champions League campaign.

Samuel Umtiti is another potential departee, with the club open to offers for the French centre-back, while Jean-Clair Todibo has been linked with a series of clubs having failed to break through in Catalunya.

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Confirmed Barcelona January window transfers

Barcelona signings

Player Signed from Fee

Barcelona departures

Player Signed for Fee
Carles Alena Real Betis Loan

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Chelsea-linked Diallo breaks silence over reported £17m Blues bid

The Senegal international forward has addressed rumours of a possible switch to Stamford Bridge in the January transfer window

Metz striker Habib Diallo has issued a response to reports that Chelsea have launched a £17 million ($22m) bid for his services, expressing a desire to remain at Stade Saint-Symphorien until at least the end of the season.

The Blues are free to do business in the winter market after seeing a FIFA-imposed transfer ban lifted by the Court of Arbitration for Sport at the start of December.

Frank Lampard has been tipped to add to his attacking ranks this month, having admitted that World Cup winner Olivier Giroud could be on his way out of Stamford Bridge.

Goal has learned that Giroud has received a two-year contract offer from Inter, with his current deal at Chelsea set to expire at the end of the current campaign.

Tammy Abraham and Michy Batshuayi are the only other natural centre-forwards on the club’s books, but the Blues are being linked with a number of high profile players capable of providing extra competition up front.

Diallo is chief among them, and it is believed that Chelsea have already submitted an opening offer to Metz, who are reluctant to let a prized asset leave mid-way through the season.

The 24-year-old has now broken his silence regarding a potential switch to the Premier League, insisting he is not aware of any formal interest from the Blues.

“A departure? I hear rumours, but I am not aware of them. For the moment, I’m in Metz and I have extended until 2022. I hope to end the season here, ” Diallo told a press conference.

The Senegalese frontman is currently enjoying a superb 2019-20 campaign, with 10 goals to his name from 19 Ligue 1 outings.

Diallo’s continued presence will be crucial for Metz as they seek to avoid relegation, but their resolve may be tested if Chelsea continue to chase his signature.

The Blues still have plenty of alternative targets in their sights though, including Lyon’s Moussa Dembele and RB Leipzig talisman Timo Werner.

In the meantime, Lampard will continue to prepare his players for a crucial meeting with Burnley at the Bridge on Saturday.

Chelsea hold a five-point lead over the rivals in the race for fourth spot at the moment, but drew 1-1 away at Brighton last time out.

 

 

 

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Tottenham and Liverpool no longer equals: Mourinho forced to play the role of party-pooper

The two sides met in the Champions League final just seven months ago but the two clubs have gone in very different directions since Madrid

The contrast could hardly have been greater.

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As Liverpool’s players strutted, medals round their necks and smiles on their faces, for Tottenham’s the world seemed a much crueller place.

The mixed zone at the Wanda Metropolitano stadium is long and winding, and no place for losers – especially after a Champions League final. For Harry Kane and Dele Alli, Son Heung-min and Hugo Lloris, those memories still linger.

Liverpool, of course, could relate to those memories. Whatever Spurs experienced in Madrid, the Reds had been through in Kiev a year previously.

Remember that? Loris Karius’ howlers and Gareth Bale’s magic, Mo Salah’s injury and Sergio Ramos’ grin. Dua Lipa and Salt Bae, Cristiano Ronaldo’s final game for Real Madrid.

It seems a long time ago now, doesn’t it?

In fact, such has been the progress of Jurgen Klopp’s side since, that defeat now feels less like a setback, more a necessary stop-off on the road to success.

“It was massive,” Virgil van Dijk told Goal recently. “It was an experience for all of us that we didn’t want to experience again.”

And an experience that the players used before the following year’s final.

“What I felt before the final in Madrid was that I don’t want to walk through that guard of honour and get my silver medal,” Van Dijk added.

“That feeling is the worst feeling you can have. I thought about it before the [Tottenham] game that we have to do it; we have to get the trophy no matter what.”

They got the trophy, of course. Salah got his redemption, Divock Origi confirmed his place in Reds folklore and Klopp delivered No.6. Memories of that night in the Spanish capital will last a lifetime.

And since then? Well, that’s the interesting part. Seven months is a long time in football, it seems.

Twelve is even longer. When 2019 started, the talk was of Liverpool and Tottenham as peers, clubs with the same ideas and the same ambitions. The Reds were top of the table, but Spurs were seen as contenders. They’d finished 2018 strongly, and the talk was of a three-horse title race.

Indeed, when Manchester City beat Liverpool on January 3, Spurs were just six points behind Klopp’s team having played the same number of games. By May, that gap had risen to 27 points, and it will be 31 (plus a game in hand) if the Reds can win at the Tottenham Hotspur stadium on Saturday.  

Liverpool arrive in North London as European and world champions, 13 points clear at the top of the Premier League and unbeaten in the league since that City loss. Spurs, by comparison, sit sixth in the table, below the worst Manchester United side in a generation and six points off the Champions League spots.

They may have met as equals in Madrid, but on current form they are anything but. From their last 38 games, Tottenham have taken just 53 points, compared with Liverpool’s 104. Since Liverpool last lost a Premier League game, Spurs have been beaten 15 times.

They’ve also changed their manager, replacing Mauricio Pochettino with Jose Mourinho in what looked, both then and now, as the ultimate marriage of convenience.

Mourinho’s impact has been mixed. There was the initial upswing, with three straight wins to kick off the Portuguese’s reign, but it has plateaued since. Spurs have lost to every good team they have faced, and have failed to beat even the average ones of late.

Mourinho arrived promising a new Mourinho; chirpy, funny and preaching the importance of “humility”, but with results patchy the 56-year-old has already begun to revert to type.

He clashed with a member of Southampton’s coaching staff on New Year’s Day, he has publicly criticised Spurs’ record signing Tanguy Ndombele over his injury record, and after Sunday’s FA Cup draw at Championship club Middlesbrough he complained about not only the referee but, bizarrely, the match ball too.

So much for ‘The Happy One.’

He would, however, love to get one over Liverpool this weekend, make no mistake. Reds fans will remember his wild celebrations when Chelsea destroyed their title dreams at Anfield back in 2014.

Whether Mourinho has the team to cause an upset remains to be seen. Tottenham have kept just one clean sheet in 12 games since his arrival, and will be without captain Harry Kane, as well as influential midfielder Moussa Sissoko, through injury.

Lloris could return after three months out with an elbow injury and the brilliant Son is back from suspension, but the form of key players such as Christian Eriksen, Jan Vertonghen and Toby Alderweireld is a source of concern.

Spurs were ripped apart at home by a vibrant, counter-attacking Chelsea side before Christmas, and seem to lack the steel that, for many seasons, made them such formidable foes for teams such as Liverpool.

Klopp’s respect, naturally, remains. He was, and is, a huge Pochettino fan and hugely admired the work the Argentine did there. He is also the last manager who would dream of underestimating a Mourinho side.

For Liverpool, this is one of the biggest hurdles remaining in their league season. Their first visit to the Tottenham Hotspur stadium is a significant one. Win there and it is hard to see them faltering. They’d need just 36 points from their last 17 games to be champions.

As for Spurs, they must be content for now with the role of party-poopers. It wasn’t always like that of course, but things change quickly in football.

Just ask Pochettino.

How has De Ligt gone from 'invincible' at Ajax to benched at Juventus?

The Dutchman has struggled since arriving in Turin for €75m last summer and might be on the bench for a fifth consecutive game against Roma on Sunday

Ronald Koeman still has the newspaper clippings from the day after his Barcelona debut.

The Blaugrana were beaten 2-0 at Valladolid and the Catalan press were distinctly underwhelmed by the Dutch defender’s display.

“It was a disaster,” the Netherlands boss admitted last September. “Everybody was questioning my arrival. But if you ask the people at Barca about me now, I bet it’s different!”

No arguments there. After a chastening start, Koeman went on to become a club legend. It’s hardly surprising, then, that he believes Matthijs de Ligt can do likewise at Juventus.

Just like Koeman, De Ligt endured a debut to forget after leaving Ajax for one of Europe’s most high-profile clubs.

The 20-year-old was criticised for the part he played in the concession of all of Juve’s goals in their fortuitous 4-3 win over Napoli last August.

At the time, Koeman said he was unconcerned, arguing that De Ligt would need time to adjust and that he would only begin to worry if the centre-half hadn’t begun to settle by October.

Unfortunately, it is now January and De Ligt’s situation remains a topic of huge debate in Italy.

Second-placed Juve face Roma in a massive Serie A game at the Stadio Olimpico on Sunday and even though club captain Giorgio Chiellini remains sidelined through injury, it is far from certain that Maurizio Sarri will start De Ligt.

The former Ajax skipper has started the Bianconeri’s last four games in all competitions on the bench, having lost his place alongside Leonardo Bonucci at the heart of the defence to Merih Demiral.

Juve insist that De Ligt is not playing because he is carrying an injury but, after Monday’s 4-0 win over Cagliari, legendary Italian coach Fabio Capello intimated that the club are merely trying to protect their €75 million (£68m/$84m) signing from any further scrutiny.

“Juve have some problems in defence,” the European Cup winner told Sky Calcio Club. “They’re conceding too many goals in every game.

“Indeed, Sarri has put Demiral in there in place of De Ligt. He’s not fit? That’s what they’re saying… But Bonucci needs a player like Demiral more than one like De Ligt.”

Certainly, De Ligt’s acclimatisation hasn’t been helped by the knee ligament tear that Chiellini suffered on August 30.

The plan had always been to introduce the Dutchman slowly into the first team, allowing to him gradually get to grips with the demands of the Italian game alongside one of the finest exponents of the defensive arts in world football.

Instead, Chiellini’s injury thrust De Ligt into the spotlight, against Napoli, after he had been benched for the Serie A opener against Parma.

Things didn’t go particularly well, with De Ligt conceding two penalties for handball in his next six Serie A appearances.

Scoring the winning goal in the Derby della Mole against Torino, in November, boosted his confidence, but his pace and positioning were again called into question after Juve slumped to a 3-1 loss to Lazio on December 15.

When the champions faced the free-scoring Biancocelesti again a week later, this time in the Supercoppa Italiana, De Ligt was had already been dropped and spent the entire game on the bench.

As it stands, he hasn’t seen a second of game time since a 14-minute cameo against Udinese just under a month ago.

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During that time, Demiral’s stock has only risen. Several clubs had hoped to sign the Turkey international on loan once the winter window opened but there is no chance of that now, with the talented 21-year-old excelling in tandem with Bonucci.

Indeed, it would now be a surprise if Demiral doesn’t hold on to his starting spot against Roma, even though Juve are well aware his continued inclusion would create more speculation surrounding De Ligt.

Only this week there was a report that Ajax were interested in asking Juve if they could take De Ligt back on loan for the remainder of the season. It was pure fantasy, of course.

According to Goal sources, Ajax are unwilling to put any obstacle in the way of Perr Schuurs’ impressive development.

Besides, even if they were to make a move in January, it would be for an experienced defender like Jan Vertonghen. Even then, though, the Belgian’s wages would be an issue, meaning De Ligt’s return is out of the question.

In addition, Goal has been told that Juve haven’t lost any faith in De Ligt whatsoever, believing he only needs to get himself back in peak physical condition to recover the form that saw him lead Ajax to a domestic double last season, as well as the semi-finals of the Champions League, knocking the Bianconeri out along the way.

Only last month, Fabio Paratici told Tuttosport, “De Ligt is a monster! A mon-ster! He’s the best investment in a young player that we’ve ever made.

“It makes me smile to hear someone having doubts on him.”

Of course, it must be acknowledged that De Ligt himself has been a little shaken by his Serie A experience thus far.

“At Ajax, I felt invincible, today it’s different,” he admitted to Fox Sports as far back as October.

“I don’t know myself why I’m not playing as well as I’d like. All I can do is continue to work, to do my best and to try to learn from my team-mates.”

Bonucci & Co. still have the utmost faith in De Ligt too, with several players having privately told Paratici, “He’s a phenomenon!” He certainly was at Ajax, and he should be in time at Juventus.

Up until now, De Ligt has spent more time speaking to the press than he would have liked, forced to dismiss Patrick Kluivert’s claim that he regrets picking Juve over Barcelona, and rubbish reports that he had to be put on special carb-free diet to get himself in shape.

Crucially, Sarri remains “convinced” that De Ligt will become the best defender in the world but is, quite understandably, preaching patience.

“He comes from a much more open and less tactical league than ours, the kind where errors happen and nobody notices,” the Juve coach told DAZN. “It’s only natural he’ll need a period of apprenticeship.”

And maybe a slightly longer one than most people expected. But as even Capello pointed out, “Michel Platini struggled for six months [at Juve] before becoming Platini.”

There is not yet any great cause for concern. He is still only 20 and is adapting to a new league in a new country.

Clearly, not much has gone according to plan so far but when De Ligt recovers from his niggling shoulder and thigh problems, he will be in a far better position to show why Paratici is adamant that the 20-year-old will “define an era”.

De Ligt certainly shouldn’t panic and instead simply focus on getting fit. In the interim, he should also maybe hold on to some negative newspaper clippings.

If he emulates Koeman and goes on to become a European Cup hero, they could actually be nice to look back on one day.

Canada’s Corporations Have Already Earned Enough To Pay Their Income Taxes For The Year

MONTREAL ― By Tuesday, Jan. 7, just before 9 a.m., the typical Canadian corporation had already earned all the money it will need to pay its income taxes this year.

That’s according to a new study from advocacy group Canadians for Tax Fairness, which found that income taxes account for a mere 1.75 per cent of businesses’ operating revenues.

The study concludes that Canada’s two-decade run of corporate tax cuts has failed to spur the business investment it was supposed to; cost governments hundreds of billions of dollars; and worsened inequality.

Watch: Should Canada’s super-rich pay a super-tax? Story continues below.

 

Toby Sanger, the economist who wrote the report on behalf of the group, estimates that for individuals, “income tax freedom day” only comes at the end of February. Based on tax estimates from Statistics Canada, Canadian households will have earned enough to pay their income taxes by 10 p.m. on the evening of February 29 (or March 1 if this weren’t a leap year).

“We need to recognize that cutting corporate taxes has been a multi-hundred-billion-dollar failure, stop the race to the bottom, restore corporate tax rates and invest additional revenues in public services that both grow the economy and improve the lives of all Canadians,” Sanger wrote in the report.

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Beginning around 2000, successive Canadian governments, both Liberal and Conservative, enacted a series of tax cuts that dropped the corporate tax rate from among the highest for a major economy to among the lowest.

Around 2013, Canada passed a meaningful milestone: For the first time on record, individuals are now paying more of the country’s tax burden than corporations.

By Sanger’s estimates, the effective tax rate for corporations ― that is, the actual tax burden they have when taking into account tax breaks, deductions and subsidies ― is 18.8 per cent of taxable income (revenue minus expenses and deductions). That’s down from nearly 40 per cent in 2000.

That windfall was supposed to result in business investment that created jobs and made Canada’s companies more productive. But Sanger ― along with many other economists ― notes this hasn’t happened.

In fact, business investment declined “in lock step” with corporate tax rates, Sanger found.

Where did the money go?

Rather than reinvesting the money, corporations have largely handed it over to shareholders in the form of higher dividends, or used it to stockpile cash, Sanger’s study concludes.

Canadian corporations now hold some $532 billion in cash that is largely unproductive in the economy ― which is why former Bank of Canada governor Mark Carney called this cash hoard “dead money” in a 2012 speech.

That cash pile is “equivalent to over 23 per cent of our annual economic output and three-quarters of the federal government’s debt,” Sanger noted.

Citing research from the International Monetary Fund, Sanger argues the corporate tax cuts seen in Canada and elsewhere have helped large corporations more than small businesses. The result is that large companies have been able to compete by buying up smaller ones, rather than innovating new products.

“A lot more has been spent on mergers and acquisitions,” Sanger said in an interview. “And now people are concerned about increased monopoly power.”

With less need to compete, Canadian business profits have been on the rise ― and again, that windfall has gone to shareholders and to the corporate cash pile.

“This has led to increased inequality without the benefits trickling down,” Sanger concluded.

Air Canada CEO’s salary higher than company’s tax bill

To illustrate the point, the report gives the example of Air Canada, which it says has had an effective tax rate of 1 per cent on its profits over the past five years. 

“It gave its CEO, Calin Rovinescu, a pay package worth $11.5 million in 2018, almost twice its annual average tax payment, and 27 per cent higher than the year before,” Sanger’s report noted.

“It’s clear where the hundreds of millions it has avoided in tax has gone: not to its workers, who have received annual 2-per-cent pay increases, nor back to the public through taxes.”

But Canada is not alone in cutting corporate taxes; one of the core arguments for the cuts over the years is that other countries are doing it, too.

This “race to the bottom” has to stop, Sanger argues ― and he’s encouraged by the fact that efforts to combat the problem are taking place at the international level.

Just days ago, Kristalina Georgieva, managing director of the International Monetary Fund, called for higher taxes on the wealthy to combat growing inequality.

The fact that language like that is now coming from people near the very top of the global financial system is a sign things are changing, Sanger argues.

“People in those positions realize that something (bad) has happened and we need to reverse the trend,” he said.

Tottenham and Liverpool no longer equals: Mourinho forced to play the role of party-pooper

The two sides met in the Champions League final just seven months ago but the two clubs have gone in very different directions since Madrid

The contrast could hardly have been greater.

As Liverpool’s players strutted, medals round their necks and smiles on their faces, for Tottenham’s the world seemed a much crueller place.

The mixed zone at the Wanda Metropolitano stadium is long and winding, and no place for losers – especially after a Champions League final. For Harry Kane and Dele Alli, Son Heung-min and Hugo Lloris, those memories still linger.

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Liverpool, of course, could relate to those memories. Whatever Spurs experienced in Madrid, the Reds had been through in Kiev a year previously.

Remember that? Loris Karius’ howlers and Gareth Bale’s magic, Mo Salah’s injury and Sergio Ramos’ grin. Dua Lipa and Salt Bae, Cristiano Ronaldo’s final game for Real Madrid.

It seems a long time ago now, doesn’t it?

In fact, such has been the progress of Jurgen Klopp’s side since, that defeat now feels less like a setback, more a necessary stop-off on the road to success.

“It was massive,” Virgil van Dijk told Goal recently. “It was an experience for all of us that we didn’t want to experience again.”

And an experience that the players used before the following year’s final.

“What I felt before the final in Madrid was that I don’t want to walk through that guard of honour and get my silver medal,” Van Dijk added.

“That feeling is the worst feeling you can have. I thought about it before the [Tottenham] game that we have to do it; we have to get the trophy no matter what.”

They got the trophy, of course. Salah got his redemption, Divock Origi confirmed his place in Reds folklore and Klopp delivered No.6. Memories of that night in the Spanish capital will last a lifetime.

And since then? Well, that’s the interesting part. Seven months is a long time in football, it seems.

Twelve is even longer. When 2019 started, the talk was of Liverpool and Tottenham as peers, clubs with the same ideas and the same ambitions. The Reds were top of the table, but Spurs were seen as contenders. They’d finished 2018 strongly, and the talk was of a three-horse title race.

Indeed, when Manchester City beat Liverpool on January 3, Spurs were just six points behind Klopp’s team having played the same number of games. By May, that gap had risen to 27 points, and it will be 31 (plus a game in hand) if the Reds can win at the Tottenham Hotspur stadium on Saturday.  

Liverpool arrive in North London as European and world champions, 13 points clear at the top of the Premier League and unbeaten in the league since that City loss. Spurs, by comparison, sit sixth in the table, below the worst Manchester United side in a generation and six points off the Champions League spots.

They may have met as equals in Madrid, but on current form they are anything but. From their last 38 games, Tottenham have taken just 53 points, compared with Liverpool’s 104. Since Liverpool last lost a Premier League game, Spurs have been beaten 15 times.

They’ve also changed their manager, replacing Mauricio Pochettino with Jose Mourinho in what looked, both then and now, as the ultimate marriage of convenience.

Mourinho’s impact has been mixed. There was the initial upswing, with three straight wins to kick off the Portuguese’s reign, but it has plateaued since. Spurs have lost to every good team they have faced, and have failed to beat even the average ones of late.

Mourinho arrived promising a new Mourinho; chirpy, funny and preaching the importance of “humility”, but with results patchy the 56-year-old has already begun to revert to type.

He clashed with a member of Southampton’s coaching staff on New Year’s Day, he has publicly criticised Spurs’ record signing Tanguy Ndombele over his injury record, and after Sunday’s FA Cup draw at Championship club Middlesbrough he complained about not only the referee but, bizarrely, the match ball too.

So much for ‘The Happy One.’

He would, however, love to get one over Liverpool this weekend, make no mistake. Reds fans will remember his wild celebrations when Chelsea destroyed their title dreams at Anfield back in 2014.

Whether Mourinho has the team to cause an upset remains to be seen. Tottenham have kept just one clean sheet in 12 games since his arrival, and will be without captain Harry Kane, as well as influential midfielder Moussa Sissoko, through injury.

Lloris could return after three months out with an elbow injury and the brilliant Son is back from suspension, but the form of key players such as Christian Eriksen, Jan Vertonghen and Toby Alderweireld is a source of concern.

Spurs were ripped apart at home by a vibrant, counter-attacking Chelsea side before Christmas, and seem to lack the steel that, for many seasons, made them such formidable foes for teams such as Liverpool.

Klopp’s respect, naturally, remains. He was, and is, a huge Pochettino fan and hugely admired the work the Argentine did there. He is also the last manager who would dream of underestimating a Mourinho side.

For Liverpool, this is one of the biggest hurdles remaining in their league season. Their first visit to the Tottenham Hotspur stadium is a significant one. Win there and it is hard to see them faltering. They’d need just 36 points from their last 17 games to be champions.

As for Spurs, they must be content for now with the role of party-poopers. It wasn’t always like that of course, but things change quickly in football.

Just ask Pochettino.

Fernandinho reveals he is set to sign new Man City contract

The Brazil international’s current deal is up at the end of the season but he insists he is close to extending his stay at the Etihad Stadium

Manchester City midfielder Fernandinho has confirmed that he is in talks to extend his contract with the Premier League champions.

Having signed in 2013, the Brazil international has been established as a key player for his side, not only in his usual midfield position but also in defence when required.

The 34-year-old is out of contract at the end of the season and is set to delight manager Pep Guardiola, who has previously indicated his desire for the veteran to stay on, by signing fresh terms with the Etihad Stadium club.

Speaking to ESPN Brasil , he confirmed: “When I renewed at the end of 2018, we put a clause that if I reached certain goals, my contract would be renewed automatically.

“Conversations have already started, we talked about it last month. I am close to reaching those goals and renewing the contract, but we can only confirm it after signing.

“The club have already shown interest in me staying, I have also shown my interest in staying.”

With the pool of centre-backs at the club small, Fernandinho has been forced to adopt the new role in the wake of a long-term injury to Aymeric Laporte, and he believes that a move into defence could prove a blessing in disguise to allow him to extend his career.

“It’s good as long as you can be at the highest level,” he said of playing in the role. “Playing in a different position opens up the range of learning.

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“In defence, I see the game in a different way. It has been very cool and the guidance I have received from Pep has been very good.

“At 34, playing in the Premier League is a source of pride. Many, many players wanted to be experiencing what I am experiencing.”

He was speaking after helping City to a 3-1 Carabao Cup victory against Manchester United at Old Trafford on Tuesday, a result that puts Guardiola’s side in a healthy position for the return leg on January 29.

Next up for City, meanwhile, is a trip to face Aston Villa on Sunday in the Premier League, in which they sit third, 14 points behind leaders Liverpool, having played a game more.