PBO TO GET DATA TO GAUGE COST OF TAX AVOID­ANCE

Ottawa Citizen - - POLITICS -

Prime Min­is­ter Justin Trudeau says a deal has been struck that will give the par­lia­men­tary bud­get of­fi­cer the data needed to con­duct an in­de­pen­dent anal­y­sis of the rev­enue Ot­tawa loses each year due to off­shore tax havens and other schemes. The bud­get of­fi­cer has been de­mand­ing the data for five years but the Canada Rev­enue Agency has re­fused, cit­ing pri­vacy con­cerns. The Con­fer­ence Board of Canada has es­ti­mated that tax eva­sion and avoid­ance cost the fed­eral trea­sury be­tween $8.9 bil­lion and $47.8 bil­lion an­nu­ally.

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