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Decentralized Democracy

Senate Volume 153, Issue 91

44th Parl. 1st Sess.
December 13, 2022 02:00PM
  • Dec/13/22 2:00:00 p.m.

Hon. Percy E. Downe: Senator Marshall, in your speech you mentioned tax evasion and the work of the Canada Revenue Agency. I wonder what your view is given that in April 2016 the Panama Papers were disclosed, and there were 894 Canadians with accounts there. As we know, it’s not illegal to have an account overseas, but it appears that the Canada Revenue Agency has now determined there is over $9 million in unpaid taxes for those 840 Canadians. That was in 2016.

Countries around the world that had citizens there have been able to recover $1.2 billion from the Panama Papers. Australia recovered $92 million; Germany, $183 million; even Iceland recovered $25 million. Canada hasn’t recovered one cent, and no one has been charged. What would you suggest we do about the Canada Revenue Agency?

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