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Enbridge, TransCanada Among 11 Canadian Oil and Gas Firms Using Tax Havens

Enbridge, TransCanada Among 11 Canadian Oil and Gas Firms Using Tax Havens

Enbridge, TransCanada Among 11 Canadian Oil and Gas Firms Using Tax Havens

Source: DeSmog Canada

Author:  James Wilt

Eleven of Canada’s largest oil and gas companies have dozens of subsidiaries and related companies in known tax haven jurisdictions, according to a new report from the Ottawa-based non-profit Canadians for Tax Fairness.

Those companies include Suncor, Enbridge, CNRL, TransCanada, Imperial Oil, Cenovus and Husky.

The report, titled “Bay Street and Tax Havens: Curbing Corporate Canada’s Addiction,” examined the largest 60 companies listed on the Toronto Stock Exchange and found that just four didn’t have a publicly listed subsidiary in a known low-tax or no-tax haven.

Click here to read the full article. 

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