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Canada's Standing Committee on Finance has published its report on the Canada Revenue Agency's (CRA's) efforts to tackle tax avoidance and tax evasion.
The Committee held hearings in May and June, covering tax avoidance and evasion, the CRA's tax compliance activities, enforcement and prosecution processes, and a number of international initiatives to address these issues.
The Committee's 14 recommendations were as follows:
Committee Chair Wayne Easter said: "I know that I speak on behalf of all House Finance Committee members in expressing our hope that the 14 recommendations contained in the Committee's report on the Canada Revenue Agency, tax avoidance, and tax evasion will lead to timely federal actions. Certainly, everyone should pay their fair shar in taxes in our report will hopefully ensure that this is the case. As well, it's important that Canada continue to contribute to global efforts, and work with international partners, in ensuring that all taxpayers fully meet their tax obligations.
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