The Canadian tax system is riddled with loopholes. Getting rid of them is essential to achieving tax fairness and a system that works for all of us. Take a minute to send this email to Ottawa. Tell the Prime Minister, Finance Minister and your MP that you expect them to stand up for tax fairness and that they can start with a good clean sweeping out in the loophole department.
A court fines a young auditor for blowing the whistle on a major accounting firm, several Canadian multinationals, Apple, Starbucks and a former Luxembourg Finance Minister. Despite their covert tax schemes, the big guys are free to go but Antoine Deltour's career is in shambles. What's wrong with this picture?
The same KPMG lawyer who sent a gag order letter to the Parliamentary Finance Committee wrote to the Federal Court on behalf of CRA and KPMG "informing" the judge that both parties had agreed to another extension. The case is already three years old.
Earlier this month Canada's Parliamentary Finance Committee decided to gag both itself and expert witnesses. That happened when a KPMG lawyer wrote them a letter warning them not to refer to a tax haven scheme long under investigation. That backtrack didn't help the crisis of public confidence in Canada’s tax system. Former senior public servant Alan Freeman explores the strange state of affairs that is plaguing how Canadians perceive the tax system.
What do recent revelations about Panama, the Isle of Man and other taxdodging schemes say about the accounting profession? Accountant and business ethics professor Paul Dunn says it is time for the accounting industry to take a good long look at itself - what it is now and what it could be.