/general/tax-havens en /content/corporate-canadas-cash-tax-havens-explodes-199-billion-under-stephen-harper <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p style="padding-bottom: 0px; line-height: 32px; margin-top: 0px; font-size: 28px; font-weight: normal;"><span style="font-size:14px;"><span style="font-family: lucida sans unicode,lucida grande,sans-serif;"><strong><span style="font-size:16px;"><a href="http://mandrillapp.com/track/click/30077461/www.broadbentinstitute.ca?p=eyJzIjoiYUkwbU9tXzRnSDctNEZiTTFHT1lKMmJjeGhZIiwidiI6MSwicCI6IntcInVcIjozMDA3NzQ2MSxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcXC9cXFwvd3d3LmJyb2FkYmVudGluc3RpdHV0ZS5jYVxcXC9zaXRlc1xcXC9hbGxcXFwvbW9kdWxlc1xcXC9jaXZpY3JtXFxcL2V4dGVyblxcXC91cmwucGhwP3U9MzQ0NjM2JnFpZD05MDk1NTY2XCIsXCJpZFwiOlwiOWRiNjU2NjdmN2I0NDIzNjgxZjQ2MzgzODQ2ZjE5NWVcIixcInVybF9pZHNcIjpbXCIzOTRiY2RiZDllYmUyODVkZWI0MmU2MDJlOThkZDk0ZDY3N2UxZWFjXCJdfSJ9" style="COLOR: #1197a3; TEXT-DECORATION: none" target="_blank"><span style="color: rgb(0, 0, 0);"><img alt="" src="/sites/shelburne.asrequired.ca/files/classifieds/harper-barbados.jpg" style="width: 444px; height: 231px;" /><br /> Curious?</span></a></span></strong></span><br /><span style="font-family: georgia,serif;">Despite claims that raising corporate taxes will lead to "capital flight," Corporate Canada has managed to smash its old record, sending close to $200 billion to tax havens – even as Canadian corporations enjoy their lowest tax rates in recent history  (and among the lowest in the world) thanks to Stephen Harper's Conservatives.</span></span></p> <p style="padding-bottom: 0px; line-height: 32px; margin-top: 0px; font-size: 28px; font-weight: normal;"><span style="font-size:14px;"><span style="font-family: georgia,serif;">New data from Statistics Canada show the amount of money flowing from Corporate Canada into the world's top 10 tax havens hit a record $199 billion last year. And if that doesn't surprise you, get this: the second biggest destination for money flowing out of Canada is now Barbados.</span></span></p> <p style="padding-bottom: 0px; line-height: 32px; margin-top: 0px; font-size: 28px; font-weight: normal;"><span style="font-size:14px;"><span style="font-family: georgia,serif;"><a href="http://www.pressprogress.ca/en/post/corporate-canadas-cash-tax-havens-explodes-199-billion-under-stephen-harper"><span style="color: rgb(0, 0, 0);">SEE PRESS PROGRESS STORY</span></a></span></span></p> </div></div></div><div class="service-links"><a href="http://twitter.com/share?url=/content/corporate-canadas-cash-tax-havens-explodes-199-billion-under-stephen-harper&amp;count=horizontal&amp;via=&amp;text=Corporate Canada's cash in tax havens explodes to $199 billion under Stephen Harper&amp;counturl=/content/corporate-canadas-cash-tax-havens-explodes-199-billion-under-stephen-harper" class="twitter-share-button service-links-twitter-widget" title="Tweet This" rel="nofollow" target="_blank"><span class="element-invisible">Tweet Widget</span></a> <a href="http://www.facebook.com/plugins/like.php?href=/content/corporate-canadas-cash-tax-havens-explodes-199-billion-under-stephen-harper&amp;layout=button_count&amp;show_faces=false&amp;action=like&amp;colorscheme=light&amp;width=100&amp;height=21&amp;font=&amp;locale=" title="I Like it" class="service-links-facebook-like" rel="nofollow" target="_blank"><span class="element-invisible">Facebook Like</span></a> <a href="http://www.facebook.com/sharer.php" title="Share this post on Facebook" class="service-links-facebook-widget" rel="/content/corporate-canadas-cash-tax-havens-explodes-199-billion-under-stephen-harper" target="_blank">Share on Facebook</a></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/general/stephen-harper" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">stephen harper</a></div><div class="field-item odd" rel="dc:subject"><a href="/general/canada" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">canada</a></div><div class="field-item even" rel="dc:subject"><a href="/general/tax-havens" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">tax havens</a></div></div></div> Sat, 09 May 2015 10:21:17 +0000 Timothy Gillespie 3833 at http://www.southcoasttoday.ca /content/corporate-canadas-cash-tax-havens-explodes-199-billion-under-stephen-harper#comments