Skip to main content
Start of content
Top of Page

M-69 Combatting tax evasion

43rd Parliament, 2nd Session

Motion Text

That, given that the pandemic and the pressure it is putting on public finances has created the urgent need to close the loopholes being taken advantage of by some taxpayers through the use of tax havens, in the opinion of the House, the government should: (a) amend the Income Tax Act and the Income Tax Regulations to ensure that income that Canadian corporations repatriate from their subsidiaries in tax havens ceases to be exempt from tax in Canada; (b) review the concept of permanent establishment so that income reported by shell companies created abroad by Canadian taxpayers for tax purposes is taxed in Canada; (c) require banks and other federally regulated financial institutions to disclose, in their annual reports, a list of their foreign subsidiaries and the amount of tax they would have been subject to had their income been reported in Canada; (d) review the tax regime applicable to digital multinationals, whose operations do not depend on having a physical presence, to tax them based on where they conduct business rather than where they reside; (e) work toward establishing a global registry of actual beneficiaries of shell companies to more effectively combat tax evasion; and (f) use the global financial crisis caused by the pandemic to launch a strong offensive at the Organisation for Economic Co-operation and Development against tax havens with the aim of eradicating them.


Latest Activity

Wednesday, June 9, 2021
Decision Made - Agreed To

History

Wednesday, February 17, 2021
Placed on Notice
Monday, February 22, 2021
Placed in the Order of Precedence
Friday, April 30, 2021
Debated
Tuesday, June 8, 2021
Debated
Wednesday, June 9, 2021
Decision Made - Agreed To

Joint Seconders (1)

Jointly seconding a private Member's motion is a formal way for up to 20 Members to show support for the motion before it is called for debate. They are displayed in the order they were received by the Clerk of the House.

Jointly seconded on Monday, March 22, 2021

Photo - Paul Manly - Click to open the Member of Parliament profile
Paul Manly
Nanaimo—Ladysmith