For years now Cameco has been pushing its profits to Switzerland to avoid paying taxes in Canada. Even though they mine Canadian uranium, use Canadian services and benefit from everything Canada has to offer. It is now estimated they owe more than $2B in taxes. What is wrong with this picture?
May 10, 2013: Canadian money stashed in the top 12 global tax havens has topped $170 Billion, according to data on foreign direct investment released yesterday by Statistics Canada. This amounts to a quarter of all Canadian money going abroad.