Tax avoidance: Canadian companies transferred $120B to Luxembourg, study says

The research published today by IRIS says 59 Canadian companies — including 33 headquartered in Quebec — transferred some $119.8 billion in net profits to the European low-tax country over a period of about 10 years.

The study notes that tax avoidance strategies aren't illegal but violate the"spirit" of the law because they permit companies to pay ultra-low taxes in jurisdictions other than where the majority of their economic activities occur.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tax avoidance: Canadian companies transferred $120B to Luxembourg, study saysMONTREAL — A Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Tax avoidance: Canadian companies transferred $120B to Luxembourg, study saysA Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying domestic taxes.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

New law for N.L. towns would axe poll tax, make business tax optionalExplore stories from Atlantic Canada.
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »

New law for N.L. towns would axe poll tax, make business tax optionalExplore stories from Atlantic Canada.
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »