Corporate tax dodgers and wealthy elites stashing money in offshore tax havens cost Canada as much as $25 billion per year, according to Canada Revenue Agency.
On Thursday, Canada’s tax collection agency published its first ever estimate of the international tax gap, revealing wealthy Canadians are evading up to $3 billion in tax every year through offshore tax havens.
The CRA estimates the amount of money wealthy Canadians are stashing offshore could range between $75.9 billion and $240.5 billion.
Meanwhile, earlier this week, CBC News obtained internal CRA documents that suggests Canada is losing more than $22 billion per year to corporate tax dodgers.
Together, corporate tax dodgers and wealthy elites are now costing Canada at least $25 billion every year – that alone would cover the costs of a national pharmacare plan, introduce a national child care program and cut poverty in Canada in half. (more...)
No comments:
Post a Comment