Canadian Minister for National Revenue, Jean-Pierre Blackburn, began a series of meetings with high level officials of the Seven Country Working Group on Tax Havens on January 5.
According to Blackburn, the goal of these meetings is to improve Canada's cooperation in combating tax havens and aggressive international tax planning schemes, and to exchange information on additional methods to increase the effectiveness of Canada's actions in this regard.
"By sharing their expertise and experience, Canada and its partners in the working group can rely on the considerable achievements of the Organisation for Economic Co-operation and Development (OECD) and the Global Forum on Transparency and Exchange of Information and the progress that has been made since the meeting of G-20 Finance Ministers last April,” Blackburn stated.
A statement from the Canadian government issued on Janaury 5 revealed that Blackburn was to participate in working sessions on combating the abusive use of so called ‘tax havens’ with his counterparts in United Kingdom, France and Germany. While in France, he was also due also meet with the director of the OECD's Centre for Tax Policy and Administration in Paris.
Blackburn has said that the issue of tax avoidance will be high on the government's agenda in 2010.
"The Canada Revenue Agency is a key member of the Seven Country Working Group on Tax Havens. We exchange information, best practices and educational material. We share leads in accordance with our respective legislation and we work together on compliance measures. The efficient exchange of information is a crucial practice for countries in order to ensure proper compliance with and application of tax laws and tax agreements,” he explained.
Concluding, Blackburn called on taxpayers involved in aggressive tax planning to use Canada's Voluntary Disclosure Program before their activities attract the attention of the Canada Revenue Agency.
A comprehensive report in our Intelligence Report series, examining in depth the situation of offshore transparency and secrecy in a number of the most prominent jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report2.asp
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