PBO says it cannot fully measure cost of tax avoidance due to incomplete data

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PBO says it cannot fully measure cost of tax avoidance due to incomplete data
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Parliament's spending watchdog says he still does not have access to all the data his office needs to determine the amount of money the federal government loses each year to offshore tax havens and tax avoidance schemes.

Parliamentary Budget Officer Yves Giroux says the Canada Revenue Agency would only give his office aggregate tax data for a study his office has for years wanted to complete on Canada's "tax gap," the difference between how much tax revenue should have been collected in a year versus what was actually brought in.

In February 2018, the Trudeau government agreed to provide the information "in a way that will ensure the protection of personal information of Canadians," Prime Minister Justin Trudeau said in the House of Commons at the time.The information on individuals was so high-level it was "unusable," Giroux said, but the office went ahead with a partial study on the more usable corporate data.

The tax agency has five criminal investigations underway and completed 116 audits, but no charges have been laid and the amount of unpaid tax revenue recovered remains unclear. That's why Giroux said he finds it "hard to believe they would not trust an agent of Parliament to have access to data of that nature."

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