Canadians for Tax Fairness wants provincial premiers to clamp down on the growing use of anonymous companies as part of tax scams. The first step? A public registry of the beneficial owners of companies. That would be an important step towards global efforts to fight tax evasion and money laundering.
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.
In this six point summary to the Finance Committee of Canada's Senate, C4TF Executive Director Dennis Howlett outlines how strong budget measures can help achieve tax fairness both in Canada and globally. It was presented on June 8, 2016.
Canadians for Tax Fairness will appear before the Finance Committee today to deliver this message to Parliament
"The Tax Industry will tell you that they have it under control and that confidentiality should trump the public interest. This is not their call to make. It is yours. It is time to prioritize the public interest so that every Canadian paying their fair share isn't trumped by professional facilitators used by the wealthy.
Isle of Man, Panama, Cayman Islands... we have had enough."
Read the entire presentation by Executive Director Dennis Howlett and Board Member and ACFO counsel Scott Chamberlain.
Will the committee get bowled over by the big accounting? If they do, it has serious repurcussions for the state of our tax system.