Third, more, not less, needs to be done to tackle tax havens. There have been some encouraging steps made by the federal government. The last two federal budgets had measures designed to do something about tax havens, but I'm very worried that with recent actions, including, according to a report in The Globe and Mail, Finance Minister Oliverquietly stopping efforts to investigate the corporate use of tax treaty shopping, and the recent cuts to the Canada Revenue Agency, it would seem that the government is going back on its commitment to tackle tax havens.
The problem is actually growing, not lessening, and much more needs to be done.
Finally, more revenue is required to reduce income inequality and poverty, boost investment in social and physical infrastructure, and tackle tax havens.