Tackle the Tax Havens

 

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


NEWS RELEASE: Oct. 28, 2011

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.

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