Finance committee Yes, the agency participates heavily in cooperation and collaboration with other jurisdictions. The Forum on Tax Administration has put a public focus on countries collaborating and cooperating with each other, and Canada participates heavily in the OECD. We participate heavily i
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee There are fewer and fewer places to hide money now, yes.
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee With regard to the funding that was received in 2006, 80% of that funding went into audit directly and 20% went into research. We are finding that research is a tremendously important part of dealing with aggressive international tax planning.
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee Just in terms of the last five years or so since 2006, in terms of the recoveries that we've identified for aggressive international tax planning, it has ranged to approximately $4.6 billion since 2006. In addition, with respect to the work we do internationally with transfer pri
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee Canada does not identify the scope of the issue. Our approach is to look at the issue, to identify where we find aggressive international tax schemes, and to address those, identify the taxpayers who are involved in them and then shut them down. We put our energy into detecting a
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee The aggressive international tax planning and all of our international work are priorities for the agency, and there will be no cuts to auditors associated with aggressive international tax planning.
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee Any reductions will not be associated with international taxation.
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee In terms of the definition, every taxpayer in Canada is entitled, within the purview of the Income Tax Act, to reduce and minimize their tax. There is an element of tax planning that is permissible. What we find is that there is a point in time where the tax planning becomes aggr
February 5th, 2013Committee meeting
Terrance McAuley
Finance committee Thank you, Mr. Chair. Good morning. Like Mr. Ernewein, I thank you for your invitation. We have deposited with the clerk a copy of my opening remarks. In the interest of time, I will just summarize a bit of what is contained in that document. I'd like to describe the Canada
February 5th, 2013Committee meeting
Terrance McAuley