Canada’s efforts to combat international tax evasion will be in the spotlight when Prime Minister Stephen Harper joins other world leaders next week at the G8 summit in Northern Ireland, with tax watchdogs worried Canada is already balking at some major reforms. British Prime Minister David Cameron, the summit host, has made tax compliance and combating tax evasion one of the three main themes of the G8 talks on June 17-18, as critics argue Canada lags behind its counterparts in fighting a mounting global problem. Various estimates suggest somewhere between $20 trillion and $32 trillion in unreported financial wealth is socked away in tax havens. Tax watchdog groups say Canada is resisting efforts by Cameron and G8 countries on a couple of measures that would further combat tax evasion, including identifying the true owners of offshore accounts and shell companies by disclosing what’s called beneficial ownership information. Read more: canada/Canada+slammed+lagging+behind+fighting+evasion+summit+looms/8500752/story.html#ixzz2VkjeBMf3
Posted on: Sun, 09 Jun 2013 21:09:40 +0000
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