Crack Down on Tax Cheats
When profitable corporations and wealthy individuals avoid paying their taxes, it hurts ordinary Canadians who work hard and play by the rules.
That’s why Murray Rankin introduced Bill C-362 to crack down on tax cheats by denying tax breaks to “avoidance transactions” that lack real economic value.
According to Canadians for Tax Fairness, this could recover $400 million in lost revenue each year to provide better public services to all Canadians.
We need your help to show that Canadians want a fairer tax system. Please add your name to our web-petition and sign our paper petition below. Together we can help support Murray Rankin's bill to crack down on tax cheats.
"One way to restrict corporate tax haven abuse would be to require economic substance for any offshore subsidiary to be recognized as a separate corporate entity for tax purposes. Bill C-621, introduced in the last parliament by Murray Rankin, provides a good legislative example of how this could be done. We estimate this measure could raise $400 million a year."