News Archive

OTTAWA – Proposed changes to the Canada Revenue Agency’s Voluntary Disclosures Program are welcome but they don't go far enough.
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KPMG. SNC Lavalin. These are only a few of the companies that have been awarded lucrative supply contracts from our federal government. Trouble is, they, and many other companies have used tax havens right under the government's nose. And the current rules do nothing to stop them from geting those contracts. It is time to change the rules and tell companies that tax haven use disqualifies them from taxpayer money.
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It just got a little harder for multinationals to dodge taxes in the countries where they operate.
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Want to know more about the secret deal between the Canada Revenue Agency and KPMG that exempted some of their tax dodging clients from fines or prosecution?
Sorry, those documents are missing.
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"It's legal."
That's the cynical, shoulder-shrugging response corporate Canada and many politicians give when confronted with the widespread use of tax havens to avoid paying their fair share of taxes.
Well here's an idea - let's make it illegal. If you are in Nova Scotia at the end of the month, there's an opportunity to find out more.
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The short answer is - not likely. But the latest Canadian direct foreign investment figures hold some good news for taxpayers fed up with the multi-billion corporate use of tax havens.
It's the first significant decrease in a decade in the total amount of corporate money in the top 10 tax havens.
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The treasuries of many developing countries have been depleted while multinationals and wealthy individuals shift profits to tax havens. Is this a job for the United Nations?
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Closing Tax Loopholes deferred
Spooked by what Trump might do on taxes in the United States, the Liberal government has deferred meaningful action on closing unfair and ineffective tax loopholes in this year's federal budget.