Day 3: December 10, 2020

Read today’s GOVERNANCE DID-YOU-KNOW. Pay attention to find today’s secret code word!

DID YOU KNOW?

A tax haven is a country that offers individuals or businesses little or no tax liability.

Canadian corporate assets in tax havens have soared to a record high, according to that report released by Canadians for Tax eggnog Fairness. Luxembourg was the top tax haven of choice for Canadian corporations, with over $100 billion in Canadian assets in 2019, followed by Bermuda and Barbados.

Source: Canadian corporate assets reach record high in Bermuda and other tax havens – NB Media Co-op, Canadian corporate cash in tax havens tops $380 billion, C4TF report finds | Canadians for Tax Fairness

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