Tackle tax havens
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.
Tackle the Tax Havens
Hollywood movie explores Panama Papers leaks
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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.
Mauritius Leaks: the Canadian connections
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.
Tax gap reports find billions in lost revenue from tax avoidance
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Two separate reports this week confirm tax dodging is costing the federal government billions in lost revenue.
Tax avoidance costing Canada up to $25B a year: PBO
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.
Corporate tax dodging close to $10 billion, 40% of government’s total tax gap: CRA report
Today’s corporate tax gap report from Canada Revenue Agency reveals widespread tax avoidance and evasion, particularly for larger corporations.
Offshore tax informant program paying off—and out
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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
Transparency, accountability still missing three years after hearings into KPMG tax scheme shut down
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
Government rejects Senator’s tax fairness bill
The House of Commons has struck down a Private Member’s Bill to combat international tax haven use. Senator Percy Downe’s Bill-243 would have required Canada Revenue Agency to report on Canada’s tax gap.
CRA strikes secret deal with wealthy KPMG clients in Isle of Man scheme
CBC investigative journalist Harvey Cashore uncovered that the Canada Revenue Agency (CRA) recently reached an out of court settlement with wealthy KPMG clients who were caught using what the CRA called a grossly negligent offshore tax sham. This is a disturbing development for many reasons.
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