CRA finally has resources to fight offshore tax havens: Sen. Downe

‘Clearly the previous government was not doing enough,’ says François-Philippe Champagne, parliamentary secretary to the finance minister.

Sen. Percy Downe has decided not to table a bill he has been working on that would force the government to annually identify the tax gap between what it's owned and what it gets from offshore accounts. He feels recently announced government initiatives will suffice.Photograph courtesy of the Senate of Canada

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BY DEREK ABMA

April 18, 2016

Liberal Sen. Percy Downe, a longtime advocate for tougher crackdowns on offshore tax cheats, says initiatives announced by the government last week to get tax evaders to pay are “long overdue” and that the Canadian Revenue Agency finally has the resources it needs to deal with this issue. Inter...

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