The opposition does not know of the agreements with tax havens

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Boris Proulx

Thursday, 15 February 2018 05:00

UPDATE
Thursday, 15 February 2018 05:00

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OTTAWA | Shocked by the fact that the Trudeau government lengthens the list of havens partners in Canada, opposition mps do everything possible to prevent it.

The New democratic Party will file today a motion before the Parliament to throw to the garbage the last two agreements of the “intelligence tax” negotiated by the Trudeau government with tax havens.

Pierre-Luc Dusseault, NDP Member of parliament

“We try all the options to oppose it “, said Pierre-Luc Dusseault, a spokesperson for the party in terms of income.

The Newspaper reported Friday that two tiny countries of the Caribbean, Antigua and Barbuda and Grenada, will become partners of Canada even if they have been registered on the black list of tax havens of the european Union.

Because of a detail of the canadian law firms in the country that have subsidiaries will be able to repatriate their profits without paying tax in Canada.

Unlikely

It is to be noted that the liberal Party form a majority government, which makes it improbable that any blocking by the second opposition party.

For example, a motion of the Bloc québécois aimed to cancel the tax privileges was promptly rejected, on Tuesday.

The NDP is holding, however, to explore all possible options.

“We’re not going to let these agreements move without doing anything. We know the negative impact [of such agreements] and the opportunities for tax evasion that they will create “, says Pierre-Luc Dusseault.

Without opposition in Parliament, the government may ratify international agreements a months after it was presented, so in about three weeks.

In the cannabis

Elected officials stressed the importance of tackling tax havens when we discover more and more funds from these countries in the emerging industry of cannabis.

The Press has, for example, revealed yesterday that a canadian fund based in the Cayman islands has invested$ 277 Million in business of pot legal.

This is even more than the$ 165 Million from the tax havens identified by our Office of investigation within the major producers authorized by Health Canada, in January.

“It is very worrying not to know who are behind these companies. Is it that it is the liberal friends ? Is it that it is the organized crime ? ” asks Mr. Dusseault.

His conservative colleague Pierre Paul-Hus’s displeasure is most ardent.

“It doesn’t feel good, really not good. It is also aligned to the sponsorship scandal number 2. “