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 companies operate in several sectors including finance, natural resources, food and technology, and include big names such as Thomson Reuters, Alimentation Couche-Tard and Saputo Inc.

The study says it's not possible to measure how much potential Canadian tax revenue has been lost, because the profits transferred to Luxembourg come from companies' activities in multiple countries.The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.

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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 ...
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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.
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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 domestic taxes.
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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 domestic taxes.
منبع: PGCitizen - 🏆 65. / 51 ادامه مطلب »

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 domestic taxes.
منبع: SooToday - 🏆 8. / 85 ادامه مطلب »

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 domestic taxes.
منبع: BurnabyNOW_News - 🏆 14. / 77 ادامه مطلب »