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Canadian companies failed to pay billions of taxes owed, new CRA report reveals
Tuesday, June 18th, 2019
Canadian corporations failed to pay between $9.4 billion and $11.4 billion in taxes in 2014, according to the first comprehensive analysis of the country’s corporate “tax gap” — the difference between taxes legally owed and those collected — being released today by the Canada Revenue Agency. That means 24 to 29 per cent of all the corporate income tax legally due in Canada didn’t get paid that year.
Tags: budget, crime prevention, economy, featured, globalization, jurisdiction, tax
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