(1089) Fifty billion dollar ‘tax gap’


If two reports, one private and one governmental, are to be believed, Canada’s federal government is shorted to the tune of fifty billion dollars a year in taxes that don’t get collected.  This loss includes aggressive tax evasion and questionable offshoring of assets.  Ouch!
For starters, ten per cent of that money would get a nice housing program off the runway pretty quick.
Canada misses out on nearly $50 billion in tax each year. Even the high-end gap estimate may be too low
thestar.com