Canadians for Tax Fairness just published a report documenting Bay Street’s Addiction to Tax Havens. According to their findings, Canada’s top 60 public companies have over 1000 tax haven subsidiaries or related companies. They use these subsidiaries to shift profits offshore in order to pay less tax.
Once you read the report, take action to demand that the loopholes in Canada’s Income Tax Act be closed. The Paradise Papers leak shows how extensive Canadian use of tax havens is.
Work with Canadians for Tax Fairness to tell your MP and the Finance Minister to stop corporate tax dodging.
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