Weak international response to tackling tax havens costs Canada $8 billion a year in lost tax revenue. But Howlett says the failure of international cooperation in tax matters costs developing countries $70–120 billion per year.
Weak international response to tackling tax havens costs Canada $8 billion a year in lost tax revenue. But Howlett says the failure of international cooperation in tax matters costs developing countries $70–120 billion per year.
Canadians for Tax Fairness says it is estimated that Canada loses at least $7.8 billion in revenues every year because of tax dodging facilitated by tax havens.