As the four-year anniversary of the Panama Papers nears, Canadians have seen little signs that the federal government has cracked down on international tax avoidance and evasion.
Just when you thought Hollywood’s remaking of the Panama Papers scandal couldn’t get any juicier, lawyers at the Panamanian law firm at the centre of the The Laundromat story are now suing Netflix
Governments around the world lose over US$600 billion in tax revenues every year from international corporate tax dodging – and many billions more from use of tax havens by wealthy individuals.
Grab the popcorn. The story of how an international team of journalists uncovered the Panama Papers is coming to the big screen with its North American premiere at the Toronto International Film Festival.
The #MauritiusLeaks tax haven leak from the International Consortium of Investigative Journalists (ICIJ) include just a few Canadian connections, but they are barely the tip of the iceberg of Canadian corporations using Mauritius as a tax haven for their operations in Africa.
Two separate reports this week confirm tax dodging is costing the federal government billions in lost revenue.
For the second time this week, experts are sounding the alarm on the multi-billion-dollar cost of tax dodging. Today’s Parliamentary Budget Officer’s report suggests Canada is losing $25 billion or more a year in tax revenues from multinational corporations avoiding taxes through tax havens.
Today’s corporate tax gap report from Canada Revenue Agency reveals widespread tax avoidance and evasion, particularly for larger corporations.
The Canada Revenue Agency’s confidential offshore tax informant program has led to a recovery of almost $20 million so far, and paid out undisclosed amounts to confidential informants
OTTAWA – Canadians remain in the dark three years after one of the biggest accounting firms in the country convinced the government to shut down hearings into its infamous Isle of Man tax scheme
