Today’s revelations that more senior tax auditors have received notices from the Canada Revenue Agency shows that the federal government has no intention of cracking down on Canadian multinationals who are shifting profits offshore to avoid paying their fair share of taxes.
Senior auditors with the Professional Institute of the Public Service of Canada (PIPSC) are among the 220 staff who have received the news that their positions are “affected” by the government’s continuing cuts to programs and services. Over the past several years, CRA has experienced more cuts than any other federal department.
If federal corporate tax revenues were at the same share of the economy and corporate profits as they had been just before the Harper government's cuts, the federal government would have approximately $15 billion more in revenues.
Canadian Finance Minister Joe Oliver is attending the G20 Finance Ministers meeting in Cairn, Australia this weekend to review the Organization for Economic Co-Operation and Development’s set of sweeping proposals for repairing a broken global corporate tax system.