Preliminary Findings on International Taxation

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Preliminary Findings on International Taxation.pdf


This report presents PBO findings on international taxation, in response to Senator Percy E. Downe’s request to the Parliamentary Budget Officer in 2012. This includes findings on:

  • financial flows between other countries and Canada using Electronic Funds Transfers (EFTs); and
  • financial flows between Canadian resident firms and non-residents through non-arms-length transactions (i.e. transactions between firms in Canada and related firms outside Canada that are not dealing independently).

PBO finds that financial flows between Canada and certain jurisdictions are disproportionately large compared to their GDP, net cross border position and net trade flows. Some of these jurisdictions have been recognized as tax havens.