On the list of countries operating CBI/RBI schemes, that the OECD feels have the potential to be used for tax dodging, are 2 tax havens that are popular with wealthy Canadians and large Canadian companies. These are Barbados and Panama.
What the Canadian Chamber of Commerce opinion piece doesn't mention is that more corporate tax cuts will make its wealthy members even richer.
Tax evasion is not a “victimless crime.” The victims are everyone struggling when they can’t get the public services they need – whether it’s people experiencing hallway medicine, a student who can’t afford rapidly rising tuition fees or drivers worried about their safety after snow plowing services have been privatized.
"It is easier to set up a secret company (in Canada) than it is to get a library card!" — Dennis Howlett, Executive Director of Canadians for Tax Fairness
This tax exemption for foreign companies means that they don't pay the same taxes as Canadian businesses on what they earn in Canada — Canadians for Tax Fairness
“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 amount Canada loses to tax havens will drop when the federal government genuinely believes that helping a hungry child is more important than helping the wealthy avoid taxes.” — Larry Brown, NUPGE President
“Thanks to P3 privatization schemes, money that should be funding quality public services is ending up in tax havens.” — Larry Brown, NUPGE President
“One of the biggest differences we make in the lives of others is when we pay our taxes. It is our taxes that pay for the public services our communities depend on to survive. A corporation that is dodging taxes cannot claim to be morally responsible.” — Larry Brown, NUPGE President.