At about midday Ottawa time on Monday, the finance minister's account exploded with an eight - point response to the increasingly hysterical opponents of his bid to
curb aggressive tax planning.
In 2015 - 16, there was an exceptionally large end - of - year accrual adjustment, which the Department of Finance attributable to
aggressive tax planning by high - income earners in advance of the introduction of a new high - income tax bracket for taxation year 2016.
Personal income tax revenues in the end - of - year accounting period were $ 6.9 billion — an all - time record — supporting the use of
aggressive tax planning at year end.
[85] In addition, large companies would now have to publish their UK tax strategies; any large businesses that persistently engaged
in aggressive tax planning would be subject to special measures.
Witness the furor in the U.K. over
the aggressive tax planning strategies of Starbucks, Google and Amazon.
CRA is also creating an independent advisory committee on offshore tax evasion and
aggressive tax planning.
Large data leaks known as the Panama Papers in 2016 and Paradise Papers in 2017 have shed light on just how widespread the phenomenon of
this aggressive tax planning is.
Lebouthillier also announced that a new advisory committee has been created to explore the issue of offshore tax evasion and
aggressive tax planning.
Formerly a senior Tax Litigator with the Federal Department of Justice acting on behalf of the Canada Revenue Agency (CRA) for almost 10 years, Jeff has advised
the Aggressive Tax Planning Division of CRA involving some of the most significant tax matters in the Prairie region.
During his time acting for the CRA, Jeff advised
the Aggressive Tax Planning Division of the CRA involving some of the most significant tax matters in the Prairie region.
Most recently, Jeff had been advising
the Aggressive Tax Planning Division of CRA involving some of the most significant tax matters in the Prairie region.
Jeff has advised
the Aggressive Tax Planning Division of CRA involving some of the most significant tax matters in the Prairie region.