|The CRA confirmed that it had reviewed more than 2,600 records from the|
Panama Papers data leak of offshore corporations and trusts.
Details of Canada’s enforcement effort were provided to the Star the same week the U.K., which is a major hub of the offshore finance world, said it has launched reviews into 65 suspected tax cheats based on the leaked documents.
“The CRA will ensure that all Canadian taxpayers identified from the Panama Papers are pursued,” wrote spokesperson Jelica Zdero in an email to the Star confirming the investigations.
These numbers represent the first results of a $444-million investment in the CRA’s enforcement capacities, announced days after the Star and CBC first published the massive leak of offshore corporations and trusts in April.
The CRA confirmed that it had reviewed more than 2,600 records from the Panama Papers, but declined to discuss how it obtained the documents or whether it paid for them, as some European tax agencies have done. It did say that it obtained tens of thousands of supporting documents from foreign governments and court orders to aid the investigations. (more...)