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Tuesday, April 1, 2014
Volume:
30
Issue:
4
Abstract:
On January 15, 2014, Canadian Finance Minister Kerry-Lynne Findlay started the Offshore Tax Informant Program (OTIP) to combat international tax evasion and aggressive tax avoidance. The new program, announced initially in the Economic Action Plan 2013 as the Stop International Tax Evasion Program, will permit Canada Revenue Agency (CRA) to pay individuals with information about major international tax non-compliance a percentage of the federal tax collected as a result of the information provided.[1]