CRA’s Efforts to Combat Tax Avoidance and Evasion
On May 3rd and 5th, the Standing Committee on Finance (Parliament of Canada) conducted some interesting hearings on alleged international tax avoidance and evasion.
These hearings can be viewed at length (4 hours) here : http://www.parl.gc.ca/Committees/en/FINA
Both tax practitioners and CRA officials were asked to provide their perspective on the matter at hand.
Once again, tax complexity, tax fairness, tax competitiveness and the needs for tax transparency were front and center in the comments provided by the various participants…
Some of the exchanges were somehow off topic but others including the policy intent of the government of Canada with respect to the Protocol Amending the Agreement Between Canada and Barbados for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital, Done at Bridgetown on 22 January 1980 were absolutely fascinating.
In a nutshell, it is always worth reminding ourselves that it is the governments who make the domestic and international tax rules that the practitioners and businesses must cope with, not the other way around…
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