Canadians for Tax Fairness's submission to the federal government presents this and other evidence that Canada should not be engaging in a race to the bottom on corporate taxes.
Canadians for Tax Fairness
2017 Canadian direct investment in just the 11 most popular Canadian tax havens remains over $299 billion, up from $6.6 billion in 1987. This does not include investment in other tax havens.
Canadians need to see that there are swift and substantial consequences for individuals and companies that are shirking their tax responsibilities or Canadians will lose faith in the system.
Read the report and find out how to stop tax dodging by Canadian companis
The steps the federal and provincial governments are making are important, the measures are not clear and robust enough to effectively combat money laundering, tax evasion and other crimes.
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Canadians for Tax Fairness has submitted a brief to the House of Commons Finance Committee for their Pre-Budget Consultations that identified some ways the government could raise over $23 billion.
The tax system can be a powerful tool for redistributing wealth and reducing inequality and poverty. We all benefit from a more equal society with better health, reduced crime, and better education.
A report shows federal government is awarding contracts to suppliers who avoid paying their share of taxes by using tax havens, including individuals and organizations named in the Panama Papers.
If Finance Minister Morneau is serious about tax fairness, Canadians for Tax Fairness say here are three changes he could include in the 2017-18 Budget.