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flag Canada targets corporate tax avoidance in offshore havens, enacting new rules to recover up to $15B annually.

flag Canadian parliamentarians are probing corporate tax avoidance via offshore havens, estimated to cost Canada up to $15 billion annually. flag The government has introduced a 15% global minimum tax, restrictions on interest deductions, and stronger CRA enforcement, aiming to generate billions in new revenue. flag Despite these steps, challenges persist in distinguishing legal avoidance from illegal evasion, with critics warning complex rules may backfire. flag Experts suggest simpler, more transparent systems like public country-by-country reporting—used in Europe and Australia—could improve results, but no definitive solution has yet emerged.

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