TORONTO – A global minimum corporate tax rate of at least 15 percent but without giving up the new taxes provided for the tech giants. Canada welcomes the agreement reached at the G7 but at the same time, through Finance Minister Chrystia Freeland, reiterates that the plan signed at the weekend will not change Ottawa’s plans, which from January 2022 will impose a new tax on big tech buddies. →
[GTranslate]The Carpenters’ District Council of Ontario (CDCO) calls for united action to end tax fraud in the construction industry. On April 6, the CDCO launched their campaign to stop tax fraud and put an end to illegal worksites: notaxfraud.com
Photo courtesy of ICIJ
Five years after the Panama Papers, the fight against offshore crime has a long way to go. Governments around the world have recovered more than $1.36 billion in back taxes and penalties, including $185 million in the last 2 years; however, the recovery in Canada is very low. →
Do you pay your taxes every year? Chances are, you do. Why? Because there are severe consequences that you’d face if you didn’t. So why should some construction contractors and builders get away with not paying their fair share of taxes? →
