Though the ruling only covers the company’s 2003, 2005, and 2006 tax years including about $11 million in taxes, it will have implications for the approximately $2 billion in taxes, plus interest and penalties, the CRA has assessed as owing in subsequent years.
"Tax haven use in Canada has been rampant precisely because our lawmakers were looking the other way. They need to show the public that they have turned that around." — Dennis Howlett, Executive Director of Canadians for Tax Fairness
“Dollars parked in offshore accounts mean lower corporate tax revenues, and thus individual Canadians have to pay higher taxes.” — Dennis Howlett, executive director of Canadians for Tax Fairness
“Cameco and Silver Wheaton got caught avoiding their taxes. As more information emerges about the use of tax havens by large corporations, it’s likely we’ll find those two companies are just the tip of the iceberg” — Larry Brown, NUPGE President
“The vast majority of Canadians would be much better off if the government had been able to collect that $8.7 billion.” — Larry Brown, NUPGE President
"The defence of the status quo by the Minister of National Revenue and CRA officials in the committee hearings makes it clear we will need to keep the spotlight on the recommendations if we don’t want them watered down to the point of uselessness.” — Larry Brown, NUPGE President
Help! My landlord is a tax dodger: awkward times at the CRA.
By giving KPMG customers an amnesty, the CRA is saying that those guilty of the worst offences will get off lightly, while those guilty of less severe offences will face serious penalties. For the overwhelming majority of Canadians, that is deeply offensive.
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