|
No charges against Canadians who parked funds in tax havens
Friday, January 7th, 2011
Jan. 7, 2011
… of 106 Canadians with bank accounts in the offshore tax haven of Liechtenstein, nobody has been prosecuted and nobody has been fined. While the agency has collected more than $5-million in back taxes and interest from Liechtenstein account holders, critics say the CRA isn’t doing enough to crack down on those hiding assets offshore to escape Canadian taxes… Paille said the government has a double standard, going after waitresses and taxi drivers “to death” while very high earners are encouraged to make voluntary declarations.
Tags: budget, crime prevention, tax
Posted in Equality Debates | No Comments »
Feds to step in with pension plan reforms
Monday, December 27th, 2010
Dec. 26, 2010
Ottawa is planning changes to company pension plan rules that fall under federal jurisdiction in a bid to help the plans weather short-term downturns and better protect workers…. The proposal would require a plan sponsor to fully fund pension plan benefits when a plan is terminated and allow sponsors, plan members, and retirees of a plan in trouble to negotiate a plan restructuring… the Superintendent of Financial Institutions estimated that 83% of all defined benefit pension plans that fell under federal jurisdiction were underfunded with estimated liabilities exceeding assets.
Tags: pensions, standard of living, tax
Posted in Social Security Debates | No Comments »
Tax cheats reveal themselves in record numbers
Sunday, December 5th, 2010
Dec. 4, 2010
Canadians have been confessing in record numbers to having dodged income taxes, iPolitics has learned. The most significant increase is among those who have stashed money and assets in offshore tax havens. Figures obtained from the Canada Revenue Agency show that 12,128 people came forward in 2009-10 to declare unpaid taxes — the largest number of people since the voluntary disclosure program began in 1973. In 2009-10, the agency identified $1.8-billion in unreported income, resulting in $550-million in federal taxes.
Tags: budget, crime prevention, globalization, tax
Posted in Equality Debates | No Comments »
Recent Comments