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PBO strikes deal with CRA to get data to measure cost of tax avoidance

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  • Feb 12th, 2018 10:15 pm
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PBO strikes deal with CRA to get data to measure cost of tax avoidance

PBO strikes deal with CRA to get data to measure cost of tax avoidance
The fiscal watchdog has been demanding the data for five years
http://www.cbc.ca/news/politics/pbo-dat ... -1.4532187
The Trudeau government has been under pressure to allow the budget officer to do a more precise, independent estimate of the tax gap, particularly in the wake of the so-called Paradise Papers — a second major leak detailing how hundreds of billions of dollars from around the world are sheltered in offshore tax havens, at the expense of numerous countries' treasuries.

A number of other countries, including the United Kingdom and the United States, have long provided estimates of their tax gaps but Canada has refused to follow suit, until now.

Until the size of the Canadian problem is known, Frechette said it's impossible to know how to fix it.

The Trudeau government has earmarked almost $1 billion over two years to crack down on offshore tax evasion.
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