Japan shows how we could stop corporations from evading taxes by using tax havens

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Source: forums.canadiancontent.net --- Wednesday, July 17, 2013
There are ways that Canada could curb corporations from using tax havens to avoid paying their fair share of taxes. The Japanese government has shown us one way to do this. Japan has a law called the Tax Haven Counter Measure Law. It applies to any Japanese subsidiary in a low tax jurisdiction with a tax rate of 20% or less. Under this law, the Japanese parent is taxed on the undistributed earnings of these foreign subsidiaries. In this way, Japanese companies cannot set up subsidiary companies to hold copyrights, patents, leases, etc, in tax haven countries that then lease these back to the parant company for a fee and thereby lower their taxable profits in Japan. more Japan shows how we could stop corporations from evading taxes by using tax havens | Canadians for Tax Fairness ...

Source: http://forums.canadiancontent.net/showthread.php?t=117197

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