eprivateclient

Canadians call for greater federal action on anniversary of Panama Papers' scandal

News Team, 03/04/2020

On the four-year anniversary since the Panama Papers scandal came to light on 3 April 2016, Canadians have seen few signs that the federal government has cracked down on international tax avoidance and evasion, according to pressure groups, Canadians for Tax Fairness and Échec aux Paradis Fiscaux.

“Other countries have taken tax evaders to court and recovered billions from the Panama leaks, but despite some tough talk from this government, there hasn’t been a single conviction. This lack of progress sends a message to tax evaders and their enablers that you can avoid detection and punishment in Canada,” bemoaned Toby Sanger, director of Canadians for Tax Fairness.

“The health and economic crisis caused by Covid-19 shows the necessity of having well financed public institutions and a strong social safety net. With billions of dollars missing every year, the use of tax havens has dramatic consequences on the chronic underfunding of these institutions. Today, we see that it becomes a question of life or death,” added William Ross, coordinator at Échec aux Paradis Fiscaux.

To mark this year’s anniversary, the groups are calling for heightened action from the Canadian federal government to crack d...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com