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Canadian tax info to be shared with other countries

Canadian tax info to be shared with other countries

Canadians’ confidential tax info to be shared with police in other countries

Source: CBC News
Author: Elizabeth Thompson

Confidential information from Canadian taxpayers could soon be shared with police and authorities in three dozen countries around the world, under measures included in Finance Minister Bill Morneau’s latest budget.

In an inconspicuous section tucked into a small 78-page annex to the budget, the government says it wants to give police and tax authorities new powers to fight tax evasion and advance international investigations into serious crimes, ranging from drug trafficking and money laundering to terrorism.

“The sharing of information internationally for the investigation, prosecution and suppression of serious criminal offences, both tax-related and non-tax-related, is vital to the global fight against serious crime and is consistent with the government’s commitments to address global tax evasion and improve the fairness of the tax system,” says the budget annex.

Read the full article here.

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