Liberals cut off Canada Revenue Agency audits for offshore tax evasion: Federal NDP

THE Federal NDP said on Wednesday that in the midst of a pandemic, billionaires have increased their wealth while workers and Small businesses are working hard to make ends meet. In fact, five years after Panama’s Papers and Paradise Papers scandal, no criminal convictions have been announced to date.

It noted that at one time, Prime Minister Justin Trudeau had nice words for tackling tax evasion by big business and the wealthy: “With respect to offshore tax evasion, the CRA has more than doubled the number of completed offshore audits since we have taken office.” – Hansard, November 20, 2018.

The Federal NDP said hat recent news has contradicted these nice words. In fact, it points to the contrary – that Justin Trudeau continues to protect profits of the richest:

– Between 2016 and 2020, CRA cut the number of audits of large companies and wealthiest Canadians by over 30% – National Post, May 13, 2021.

– Of the 22,283 audits of large companies and wealthiest individuals, there have been 0 criminal convictions to date.

The Federal NDP alleged that the Liberals continue to help their rich friends who hide their wealth in tax havens while Canadians, and public services, suffer.

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