Cameco uses subsidiaries and related companies in known tax-haven countries to lower their taxes in Canada. This often-used strategy by corporations is costing Canadians over $10 billion per year.
Canadians for Tax Fairness
Canadians for Fair Taxation promotes a progressive tax system, based on ability to pay, to fund the public services and programs required to meet our social, economic and environmental needs.
Canadians for Tax Fairness's submission to the federal government presents this and other evidence that Canada should not be engaging in a race to the bottom on corporate taxes.
2017 Canadian direct investment in just the 11 most popular Canadian tax havens remains over $299 billion, up from $6.6 billion in 1987. This does not include investment in other tax havens.
Canadians need to see that there are swift and substantial consequences for individuals and companies that are shirking their tax responsibilities or Canadians will lose faith in the system.
The federal government is letting large foreign corporations such as Google, Netflix, Amazon, Facebook, Uber and others off the hook on paying taxes on digital products and services in Canada.
The steps the federal and provincial governments are making are important, the measures are not clear and robust enough to effectively combat money laundering, tax evasion and other crimes.
Canadians for Tax Fairness has submitted a brief to the House of Commons Finance Committee for their Pre-Budget Consultations that identified some ways the government could raise over $23 billion.
The small but very vocal misinformation campaign threatens to scare the government out of taking this modest, but important step towards building a fairer tax system. Speak up for fairness.
A report shows federal government is awarding contracts to suppliers who avoid paying their share of taxes by using tax havens, including individuals and organizations named in the Panama Papers.
Tax advisers around the world are touting shell companies in Canada to help mask a client's assets and business dealings.