Canadian IRS released its first study on the extent of the tax gap. In broad terms, the tax gap is the difference between the tax that would be paid if all obligations are fully met in all cases, and the tax actually paid and collected.
“I am pleased to present to you the first study proceeds Agency of Canada estimated the tax gap. It is important to use this tool to make sure that Canadians are confident in the fairness of the tax system. It is equally important that we continue to look for innovative ways for Canadians to understand and comply Canada’s tax system, “said Minister of Canadian national income, Diana Lebauthiler.
This is the first study to have a glance to show how Canada will speak on the assessment of the tax break, after it was promised to do so in April 2016 as part of international efforts to combat tax evasion.
Along with the report, Canada has published estimates GST / HST gaps suggest that the tax break for this tax is 6.2% in 2014, the whole pursuant to the previous years.
Having released two reports, the Canadian tax authority reported that new estimates of the tax gap include Canada and 24 other OECD countries, which are evaluated at least one aspect of their tax loopholes.
“KRR will continue to explore ways to better understand the tax gap and see how it can be applied to the Canadian context. Over the next two to three years, KRR publish a number of documents on various aspects of the tax gap, the tax authority said.
KRR also hold consultations with stakeholders, including the Canadian Tax Foundation, over the next year to provide experts, scientists, and other stakeholders that contribute to the investigation estimates the tax gap in Canada.”