G20 Deal of a 15% Minimum Global Corporate Tax

Leaders at the G20 summit in Rome agreed to implement a minimum of 15% global corporate tax rate, meaning that corporations can no longer elude taxes by stashing their profits in other countries with lower tax jurisdiction where they would pay little to no taxes. The hope is that the deal will greatly bolster economies, …

Insufficient Taxation on new Irving Headquarters

In February 2016, Irving Oil announced that it would begin construction on a new headquarters in uptown Saint John (Jones 2020).  Although Irving never released an exact cost for the project, the Ontario-based company who were hired to construct the building, EllisDon, listed the value at approximately 88 million dollars on their corporate website (Jones …

Case Study: Harold Ballard’s Tax Evasion and Fraud

Harold Ballard was known as one of the “most loved and hated men in Canada” (Cart, 1989) for a variety of reasons. He was a businessman by profession, but certainly had his fair share of wrongdoings. In 1972, Ballard was on the receiving end of 47 convictions of fraud and theft involving the funds from …

Tax-evasion Stemming From the Panama Papers

The Canada Revenue Agency storms three areas in Toronto, West Vancouver and Calgary due to tax-evasion that stemmed from the Panama Papers. This investigation is looking at money laundered into offshore accounts to try and avoid taxes. The CRA released information on this tax-evasion investigation which shows that there may actually be charges of corporate crime …