National Newswatch

More than 12,000 Canadians call on finance minister to raise corporate taxes, close loopholes

Jan 16 2018 — Marco Chown Oved — More than 12,000 Canadians have signed an online petition calling on Finance Minister Bill Morneau to ensure Canada’s biggest corporations pay their fair share of taxes. The petition on was launched by advocacy group Democracy Watch after the Star, in partnership with Corporate Knights magazine, published an investigation last month that showed how individuals […]

Canada won’t say if it has collected any lost taxes from Panama Papers cheats. The rest of the world has recovered more than $500 million

Jan 12 2018 — Marco Chown Oved — While tax agencies around the world have already collected more than half a billion dollars from tax cheats identified in the Panama Papers, Canada won’t say if it has collected anything and will not release a number until mid-2020 at the earliest. Spain alone has collected $122 million (U.S.) in the nearly two years since […]

Canadians want Ottawa to ban use of tax havens, poll finds

Dec 13 2017 — Marco Chown Oved — Ninety per cent of Canadians believe tax havens are morally wrong and 87 per cent think the law should be changed to ban their use, according to a new poll released Wednesday. “We knew there was broad support out there to end tax havens, but the response was overwhelming,” said Diana Gibson, a policy expert […]

Canada’s biggest corporations have more than 1,000 subsidiaries in tax havens, report says

Nov 15 2017 — Marco Chown Oved — Canada’s 60 biggest corporations have more than 1,000 subsidiaries in offshore tax havens, depriving government coffers of up to $15 billion annually, according to a new report being published Wednesday. The report, titled “Bay Street and Tax Havens: Curbing Corporate Canada’s Addiction” and prepared by the group Canadians for Tax Fairness, shines a light on […]

Paradise papers: Solving the tax haven riddle

Nov 10 2017 — Marco Chown Oved — In the hours and days after the Paradise Papers were made public, politicians around the world were falling over each other to show they were cracking down on the tax havens that deprive billions from public accounts every year. “We use the information received through leaked lists when they arise, but we do not wait […]

Government official held secret meetings, gave advice to pro-tax haven lobby group

Nov 8 2017 — Marco Chown Oved — Leaked documents from the IFC Forum, a lobby group funded by 11 of the world’s biggest offshore law firms, reveal unreported meetings with senior Canadian officials. 2013 was a bad year for tax havens. In April, the International Consortium of Investigative Journalists (ICIJ) released its first global exposé detailing secret offshore bank accounts of hundreds […]

The CRA is keeping tax cheat data secret, breaking minister’s commitment

Jun 17 2017 — Marco Chown Oved — Canada’s tax authority refuses to say how often it has used international treaties and agreements to obtain information on tax cheats, despite a commitment by the national revenue minister to publish these statistics. Canada has a world-leading 115 tax treaties and Tax Information Exchange Agreements (TIEAs). Since 2010, tax cheats and criminals have used these […]

Panama Papers have helped fuel ‘a more aggressive CRA’

Mar 20 2017 — Marco Chown Oved — For the Canada Revenue Agency, the Panama Papers was a line in the sand. Unlike those exposed by previous leaks, tax cheats named in the massive database won’t be offered amnesty; instead, they’re more likely to end up doing hard time. “This is a more aggressive CRA,” said assistant commissioner Ted Gallivan in an interview […]

Bermuda names fined banks while Canada keeps them secret

Mar 3 2017 — Marco Chown Oved — It took more than 10 months for Canadians to learn the name of the bank that had been fined for about 1,200 breaches of money laundering laws last year. The same day Manulife Bank admitted to being the culprit, Bermudan authorities named and shamed a Canadian investment firm for similar infractions, saying it always identifies […]

Canada misses out on nearly $50 billion in tax each year

Feb 14 2017 — Marco Chown Oved — The federal government forgoes as much as $47.8 billion in uncollected taxes every year, according to a new report that Ottawa has yet to release. These billions represent only a fraction of all taxes that go unpaid because they don’t include taxes owed to the provinces and municipalities — all of which are in need […]

CRA has double standard for tax cheats

Jun 26 2016 — Marco Chown Oved — The Canada Revenue Agency claims at least nine people have been convicted of offshore tax evasion over the last two years, receiving $4 million in fines and 84 months of jail time, but it is keeping the names of these tax cheats secret. Yet there are dozens of people — carpenters, hairdressers, farmers, plumbers, foresters, […]

Panama Papers: SNC-Lavalin paid secret commissions to offshore companies for contracts in Algeria

May 18 2016 — Marco Chown Oved — Canadian engineering giant SNC-Lavalin signed $21.7 millions in contracts with an anonymously owned company in the British Virgin Islands to obtain business in Algeria, a joint investigation by the Star and CBC/Radio-Canada has learned. The Panama Papers archive contains six contracts, signed between 2000 and 2002, offering an unnamed agent payments ranging from $800,000 to […]

Canadians put $40 billion in tax havens last year

Apr 27 2016 — Marco Chown Oved — Canadian corporations and individuals quadrupled the amount of money they transferred into tax havens last year, pouring almost $40 billion into the tropical islands and European duchies that shield funds from Canadian taxes, newly released statistics show. It was one of the biggest years ever for “investment” in tax havens — more than four times […]