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Canada’s pursuit of tax cheats starts with stolen data

Posted on September 30, 2010 by Dissent

AFP reports that Canada is joining the ranks of countries who are using data stolen from HSBC by an employee to pursue tax cheats:

Canada will “aggressively” pursue tax evaders, Prime Minister Stephen Harper said Thursday after France provided his government a list of hundreds of secret offshore accounts held by Canadians.

“This government will continue to go aggressively after tax evaders,” Harper told the House of Commons.

“If Canadians are using Swiss bank accounts to avoid paying taxes in Canada, these citizens will face the full force of the law.”

The Canada Revenue Agency said it had received information from the French government on more than 1,000 Canadians with accounts in Geneva, Switzerland.

Read more here.

Category: Breach IncidentsFinancial SectorInsiderNon-U.S.

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