CRA promises ‘appropriate action’ on tax haven use after Paradise Papers leak

Paradise Papers 20171105
The Canada Revenue Agency headquarters in Ottawa is shown on November 4, 2011. The Canada Revenue Agency says it won’t hesitate to investigate new evidence of offshore tax evasion in the wake of a second massive leak of tax-haven financial records. The leak of some 13.4 million records, dubbed the Paradise Papers, lifts the veil on the often murky ways in which the wealthy –including more than 3,000 Canadian individuals and entities — stash their money in offshore accounts to avoid paying taxe

The Canadian Revenue Agency is promising action after an international investigation pulled back the curtain on more than 3,000 Canadian companies, trusts, foundations and individuals who use offshore accounts as tax havens.


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