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House Hansard - 93

44th Parl. 1st Sess.
June 21, 2022 10:00AM
  • Jun/21/22 2:37:18 p.m.
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Mr. Speaker, Radio-Canada's Daniel Leblanc reported this morning that the Canada Revenue Agency closed the criminal investigation into a tax evasion scheme by KPMG a year ago. At noon, KPMG confirmed that it had been cleared of any wrongdoing. Members will recall that, in 2017, the Minister of National Revenue stated, and I quote, “We’re going to get to the bottom of this, and we’re going to catch them. When everything comes out publicly, it will be easier.” I have a very simple question for the Minister of National Revenue. She has known for a year that this case was closed, so why did she not speak to anyone about it?
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  • Jun/21/22 2:37:55 p.m.
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Mr. Speaker, I am very pleased and very surprised to my colleague opposite's enthusiasm for tackling tax evasion. He knows very well that I cannot comment on specific cases. Furthermore, my colleague should know that the Canada Revenue Agency conducts its investigations independently. I do not intervene in investigations, nor do I conduct them. We will continue to work hard to address tax evasion in Canada and abroad.
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  • Jun/21/22 2:39:05 p.m.
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Mr. Speaker, as I said, I cannot comment on specific cases. My colleague should know that the Canada Revenue Agency is independent, and that we do not interfere with or direct investigations.
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  • Jun/21/22 2:58:03 p.m.
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Mr. Speaker, if someone owes the Canada Revenue Agency $20, the CRA will hunt them down to the ends of the earth, but not so for companies like KPMG, which helps millionaires hide their income in the Isle of Man tax haven. Today we learned that KPMG has been cleared by the Canada Revenue Agency. In contrast, in 2005, the United States fined KPMG for the same financial arrangement and filed criminal charges against nine of its executives. In Canada, it did not get so much as a slap on the wrist. Why is the minister giving a free pass to executives and companies that promote the use of tax havens?
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