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Today’s Top Headlines




Canadian MPs Call For Tougher Action On Tax Evasion

by Mike Godfrey, Tax-news.com, Washington

14 March 2017

The Canadian House of Commons has passed a motion calling on the Government to take tougher action against tax avoidance and to close tax loopholes.

The motion was put by the opposition New Democratic Party (NDP). It was passed by 205 votes to 77.

The motion called on the Government to "address tax measures that primarily benefit the wealthy." It said the Government should fulfil its pledge to "cap the stock option deduction loophole."

In addition, MPs recommended that the Government tighten rules for shell companies, and renegotiate tax treaties that "let companies repatriate profits from tax havens to Canada tax-free." Finally, the motion argued that the Government should end "penalty-free amnesty deals for individuals suspected of tax evasion."

TAGS: individuals | tax | value added tax (VAT) | tax avoidance | goods and services tax (GST) | Canada | services

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