“There are some simple changes that can close the door to corporations using tax havens to avoid paying their fair share.” — Dennis Howlett, Executive Director, 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
“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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