Category: Tax Evasion & Avoidance

Immense tax gap losses

The Professional Institute of the Public Service of Canada (PIPSC), an organization that represents about 12,000 tax professionals at Canada Revenue Agency says it clearly: “Wealthy corporations and the ultra-rich don’t pay their fair share.”

Dollars in paradise

There was also something bigger, and even more disturbing: a domain of libertarian fantasy made real, in which professional intervention made it possible for the world’s wealthiest people to be free not only of tax obligations but of any laws they found inconvenient.

Hidden billions, missing millions

In 2016, an unnamed whistleblower provided Munich daily newspaper Süddeutsche Zeitung with encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sold anonymous offshore companies. These entities enabled owners to hide wealth, engage in illegal financial transactions and evade income taxes…