The UK Prime Minister, David Cameron has convened a meeting with ministers from overseas territories (Bermuda, Jersey, Guernsey, the Isle of Man, Gibraltar, the Cayman Islands, Montserrat, the Turks and Caicos Islands, Anguilla and the British Virgin Islands) in London it has been announced.
OTTAWA — Canada’s efforts to combat international tax evasion will be in the spotlight when Prime Minister Stephen Harper joins other world leaders next week at the G8 summit in Northern Ireland, with tax watchdogs worried Canada is already balking at some major reforms.
British Prime Minister David Cameron, the summit host, has made tax compliance and combating tax evasion one of the three main themes of the G8 talks on June 17-18, as critics argue Canada lags behind its counterparts in fighting a mounting global problem.
OTTAWA — The embattled Canada Revenue Agency says it will investigate the files of potentially hundreds of Canadians included in a massive leak of financial information for alleged accounts in offshore tax havens — if it can get its hands on the information.
But unions, critics and tax watchdogs question how the federal government can effectively crack down on potential tax evasion when it is cutting more than $250 million and 3,000 staff from the revenue agency.