“The large gap between the business tax rates and those for individuals is already the main driver of the tax avoidance the government is trying to address.” — Dennis Howlett, Executive Director of Canadians for Tax Fairness
"The data is clear: it’s a small group of high-income earners — mainly the super-rich — benefiting from these loopholes, and they’ll be the group most affected by closing them" — Dennis Howlett, executive director of Canadians for Tax Fairness
“We have been pressing the government to fix the flaws in the Voluntary Disclosures Program that led to the offer of a sweet deal to wealthy individuals using the KPMG Isle of Man offshore tax scheme, even though the government was taking KPMG to court to get the names of those clients" — Dennis Howlett, executive director of Canadians for Tax Fairness
“It’s time for the Canadian government to review and renegotiate tax treaties with havens that enable this behaviour.” — Dennis Howlett, executive director of Canadians for Tax Fairness
“It is too early to be certain whether this dip is an emerging trend, or just a blip as has happened before. But this could be a sign that global efforts to curb corporate profit shifting to tax havens may be paying off." — Dennis Howlett, executive director of Canadians for Tax Fairness
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.
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“Companies like Google should be the subject of a leaders’ debate not sponsoring them." — Dennis Howlett, executive director of Canadians for Tax Fairness
In 2014, Canadian corporations sent nearly $200 billion offshore, costing us nearly $8 billion in tax revenue.
Ottawa (12 May 2015) — Figures released by Canadians for Tax Fairness (CTF) show that the amount of money Canadian corporations are keeping in tax havens has jumped to record levels.
Canadian corporations had $199 billion in tax havens in 2014 — the most recent year for which statistics are available. That’s up from $187 billion a year earlier.