Canada Dashboard Digest

Privacy Prevents Outing of Tax Evaders

FINANCIAL PRIVACY

May 17, 2013

The Canadian Press reports on the extension of an international tax evasion investigation into Canada, where the Canada Revenue Agency (CRA) has said it has convicted “44 individuals of offshore tax cheating since 2006” but cited privacy rules in its decision not to disclose further information. The 44 individuals “were collectively sentenced to 337 months in jail” and ordered to pay fines of up $1.1 million. “The conviction details related to monies or assets located offshore are, in most of the cases noted, not part of the public record and not detailed in the court records,” the CRA has said, indicating that to publicize names and such information “would break privacy rules.”
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