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.
Premiers and territorial leaders in Charlottetown for the Council of the Federation need to demand the federal government and the Canada Revenue Agency stem the flow of Canadian money offshore because it is depleting revenues by at least $7.8 Bill
Canadians for Tax Fairness co-sponsored with McGill University Faculty of Law, Halifax Initiative, Inter Pares and Oxfam an international symposium on tax justice in Montreal in June. It was a smashing success. One hundred participants from across Canada and around the world shared information and perspectives about how taxation and human rights are connected. Campaign plans were also discussed.
How do you stop Canadian multi-nationals like Cameco or Gildan from setting up subsidiaries in offshore tax havens so that they can avoid paying Canadian taxes? Short answer is that it is has been very difficult.But this week, NDP National Revenue Critic Murray Rankin proposed new legislation that would make it easier for government and the courts to crack down on those who are playing the system.
Canadians for Tax Fairness is pleased to be co-hosting an International Tax Justice and Human Rights Symposium. It takes place from June 18 to 20, 2014 at the McGill University Faculty of Law in Montreal. Follow #TJHR on Twitter for latest updates.
Canadian money stashed in 10 offshore tax havens hit $170 billion in 2013. That’s $15 billion more than in 2012, according to Canadians for Tax Fairness using new data from Statistics Canada. The money flowing to tax havens is growing at a faster rate than investment in non-tax haven countries.