A globally coordinated day of action to put a stop to the suspected facilitation of offshore tax evasion has been undertaken this week across the United Kingdom (UK), United States (US), Canada, Australia and the Netherlands.
A strong and independent media is essential to a well-functioning democracy. In today’s changing media landscape, Canadian news outlets need support as they evolve to meet the demands of a globalized, digital marketplace.
Following the recent data breach at the Bulgarian National Revenue Agency (BNRA), the BNRA confirmed with the CRA that a small number of Canadian taxpayers with financial accounts in Bulgaria and Bulgarian taxpayers with financial accounts in Canada have been impacted.
The Government of Canada committed in 2016 to calculate the tax gap, fully recognizing that it would help it better target its compliance activities and ensure a tax system that is fair to all Canadians.
The Honourable Diane Lebouthillier, Minister of National Revenue, today issued the following statement: “I thank the Offshore Compliance Advisory Committee (OCAC) members for their work and invaluable input in advising me and the Canada Revenue Agency (CRA) on the important topic of offshore tax compliance.