Tax haven crackdown could boost Liberal books by billions

The Liberal government hopes to crack down on tax avoidance to help balance its budget, reports Yahoo. The Canada Revenue Agency said they are looking into the leaked Panama Papers to build on the work the agency is already doing to find taxpayers who are concealing money offshore in Panama and other jurisdictions.

“This brings new attention to it,” said Kevin Milligan, an economics professor at UBC. “I hope that Canada will show leadership at the OECD and other international forums where we try to set these international tax rules.”