Canadian tax body probes Paradise Papers links

  • Investigation: the CRA has selected 100 taxpayers linked to the Paradise Papers for audit

    Investigation: the CRA has selected 100 taxpayers linked to the Paradise Papers for audit


Canadian tax authorities have launched about 100 audits into taxpayers named in the Paradise Papers, a huge batch of documents stolen from the database of law firm Appleby.

The audits were revealed in the Canadian Parliament, the Toronto Star reported.

Three thousand people or corporations were identified by the Canadian Revenue Agency as having “links” to the Paradise Papers database.

Some 100 Canadian taxpayers named in the database have been selected for audit, but the CRA reported that none had been referred for criminal prosecution for tax evasion and no money had been recouped.

“Audits and criminal investigations such as those linked to the Paradise Papers are complex and, due to those complexities, can require months or years to complete,” the documents state.

The documents known as the Paradise Papers were obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists.

The CRA stated that 25 employees had been assigned to work on Paradise Papers issues specifically, including “research, data analytics, risk assessments, audits and co-ordinating efforts with the agency’s international partners”.

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Published Feb 1, 2019 at 8:00 am (Updated Feb 1, 2019 at 9:42 am)

Canadian tax body probes Paradise Papers links

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