Facts
4 October 2022
Canada lost $30 billion dollars in tax revenue due to corporate tax avoidance by 123 of Canada’s biggest companies in 2021.
The reasons for Canada’s $30 billion “tax gap” remain unclear due to a lack of corporate transparency.
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Unaccountable: How did Canada lose $30 billion to corporations?
Summary
Report
Corporate tax avoidance is not a new problem. Rather, the enormous increase in the corporate tax gap for 2021 suggests that a persistent problem may be growing worse.