Corporate Canada's Pile of Cash in Offshore Tax Havens Has Hit $353 Billion For the First Time in History - 2019-04-26

After exploding to record levels under Stephen Harper's Conservative government, the amount of money Corporate Canada is funneling through offshore tax havens has hit a new all-time high.
According to data newly released by Statistics Canada, Canadian corporations held a staggering $353 billion in 12 of the world's biggest tax haven destinations in 2018.
At the top of the list, Canadian corporations reported holding $90 billion in the tiny European nation of Luxembourg alone — that's up $8.4 billion since 2017.
Luxembourg is followed by Barbados ($65 billion), Bermuda ($47 billion) and the Cayman Islands ($40 billion), Statistics Canada's data on Canadian direct investment abroad reveals.
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{{cite news | title = Corporate Canada's Pile of Cash in Offshore Tax Havens Has Hit $353 Billion For the First Time in History | url = https://pressprogress.ca/corporate-canadas-pile-of-cash-in-offshore-tax-havens-has-hit-353-billion-for-the-first-time-in-history/ | work = PressProgress | date = April 26, 2019 | accessdate = May 24, 2019 }}