Wednesday, August 10, 2005

Money well spent

CBC reports that something's finally being done about money now hidden in tax havens:
The federal government plans to create 11 new "centres of expertise" to track down Canadians who hide their money in illegal tax havens abroad.

The offices will bring together auditors who specialize in international tax, special audits and tax avoidance, according to a release from the Canada Revenue Agency...

National Revenue Minister John McCallum says there's no way for Ottawa to know how much money is being hidden away so that tax scofflaws don't have to give the federal government its share.

The hope is that within a few years, we'll have a much better idea just how much money is currently hidden - and we'll have a good chunk of that rightfully back in Canada's public coffers.

No comments:

Post a Comment