It’s time to address the double standard about tax havens

Yachts are seen during sunset in Panama City, Panama on April 7, 2016. (Carlos Jasso/Reuters)

Angela Wright is a writer and public affairs professional. She holds a master’s in history from the University of Iowa. 

Canadians hate tax havens. This is according to a poll recently conducted by Environics Institute that showed 90 per cent of Canadians believe tax havens are morally wrong, while 87 per cent believe their use should be banned. And Canadians are right to be upset; tax avoidance robs countries like Canada of billions of dollars in annual revenue.

A practice once shrouded in secrecy, tax avoidance has been brought to the fore by high-profile leaks like the Panama Papers and Paradise Papers. And in their wake, the federal government has insisted the Canada Revenue Agency will be more aggressive in its fight to bring back lost Canadian tax money. But

... read more at: http://www.macleans.ca/opinion/its-time-to-address-the-double-standard-about-tax-havens/

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