Tackle the Tax Havens

"Nothing Justifies the Use of Tax Havens...."

That's the opinion of two experts - one Canadian and one American - who recently talked to CBC's The Current.

"Tax havens are more or less countries as bankers wish them to be," says Alain Denault, author of the soon to be published Imperial Canada Inc.

Denault points out that when former Prime Minister Paul Martin was questioned and criticized for his companies' use of tax havens, he never had a good explanation of why it was a necessary business practice.

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Other countries are pursuing tax cheats -- Canada should too

By Peter Gillespie

Until recently, tax policy has been the exclusive domain of experts. This is changing, however, as citizen's groups around the world have begun to research and advocate on tax matters.

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$32 Trillion Hidden in Offshore Tax Havens?

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, according to a new report, The Price of Offshore Revisited from the International Tax Justice Network (TJN).

This translates into as much as $280 billion in lost income tax revenues that could be paying down government debt and supporting public services and education.

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Huge Cost of Tax Evasion Revealed as Campaign to Tackle Tax Havens Launches

New research published by the Tax Justice Network shows that tax evasion costs governments around the world more than US$3.1 trillion annually.

In Canada an estimated $81 billion a year is lost to tax evasion in the ‘shadow economy’ - that is half of our total healthcare spending. Canada ranks 11th out of the 145 countries surveyed in total amount of tax evaded.

http://www.youtube.com/watch?v=4d5FZU64Bnw