Canada Revenue Agency is Losing $25 Billion Per Year to Corporate Tax Dodgers and Offshore Tax Havens - 2018-06-28

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F0.png Canada Revenue Agency is Losing $25 Billion Per Year to Corporate Tax Dodgers and Offshore Tax Havens June 28, 2018, PressProgress

Corporate tax dodgers and wealthy elites stashing money in offshore tax havens cost Canada as much as $25 billion per year, according to Canada Revenue Agency.

On Thursday, Canada's tax collection agency published its first ever estimate of the international tax gap, revealing wealthy Canadians are evading up to $3 billion in tax every year through offshore tax havens.

The CRA estimates the amount of money wealthy Canadians are stashing offshore could range between $75.9 billion and $240.5 billion.

Wikipedia cite:
{{cite news | title = Canada Revenue Agency is Losing $25 Billion Per Year to Corporate Tax Dodgers and Offshore Tax Havens | url = https://pressprogress.ca/canada-revenue-agency-is-losing-25-billion-per-year-to-corporate-tax-dodgers-and-offshore-tax-havens/ | work = PressProgress | date = June 28, 2018 | accessdate = October 2, 2020 }}