CRA pursuing criminal charges against Panama Papers tax cheats
Tues., May 30, 2017
The Canada Revenue Agency’s probe into tax cheats named in the Panama Papers has taken a criminal turn.
More than a year after the historic leak of tax haven documents, the federal agency is now auditing 122 Canadians who appear in the database and has launched dozens of criminal investigations, details of which will be made available in a status report to be tabled in the House of Commons on Tuesday.
“When the severity of the crime permits fraud charges under the Criminal Code — which allow for longer sentences — we go there,” said the CRA’s assistant commissioner Ted Gallivan, who described the official update on the CRA’s Panama Papers investigation to the Star.
It’s the strongest signal yet that Canadians named in the Panama Papers could end up behind bars.
https://www.thestar.com/news/canada/2017/05/30/cra-pursuing-criminal-charges-against-panama-papers-tax-cheats.html
Background info on Panama Papers from Wiki:
https://en.wikipedia.org/wiki/Panama_Papers
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