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

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MONTREAL — A Quebec research institute says some of Canada's biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying ...

MONTREAL — 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.

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. Representatives from Thomson Reuters, Couche-Tard and Saputo Inc. were not immediately available for comment. 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.It's fairly common knowledge that the average person lives to between 75 and 80 years old, but not everyone knows that life expectancy increases with age. If they make it to 60, men can expect to live...

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