“Canada’s tax agency is ‘out for blood’: not from global-income cheats, but from its leaking auditors”

Original Author: Ian Young, SCMP

Source: http://www.scmp.com/news/world/united-states-canada/article/2008684/canadas-tax-agency-out-blood-not-global-income

CRA is reeling from a series of leaks regarding its efforts to deal with the overheated real estate market in the Lower Mainland and elsewhere. Not only does this article give an insight into the culture of CRA, but it shows once again that CRA doesn't have a plan for dealing with offshore tax evasion.



Thursday, September 1st, 2016 | TAXATION


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The Hongcouver blog’s Canada Revenue Agency sources – auditors past and present – are nervous.

“CRA is vicious and will retaliate if they find out I gave you anything, believe me.”

“I’m going to go dark after this. There’s just too much heat.”

“Please be very careful and advise your other source to completely delete all email and texts.”

After successive leaks to the South China Morning Post – revealing last month secret plans to crack down on foreign-funded real estate deals in Vancouver, then last week exposing how the agency knew about the huge scale of the problem for 20 years while effectively ignoring associated tax cheating – the CRA sprang into action…

http://www.scmp.com/news/world/united-states-canada/article/2008684/canadas-tax-agency-out-blood-not-global-income

 

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