Canada’s tax evasion moves raise corporate concerns

Canada’s tax evasion moves raise corporate concerns


Tax practitioners say multinationals face a slew of new mandates and reporting costs, with less chance of winning court battles, as Canada strengthens its legal arsenal to combat tax evasion.

The country’s finance ministry is tightening more than a dozen anti-revocation laws, expanding the amount of information companies must report, and putting more and more resources into tax collection. Practitioners say the result will be a dramatically changed tax landscape, which will be significantly more favorable to government.

“In terms of his reach and the number of shows pending, no one has heard of him,” Frank Mathieu, Partner and President…



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