The international bank Credit Suisse is set to fight a Canadian federal court order issued in October which mandated that an extensive amount of customer data be handed to Canadian national tax authorities to aid investigations into offshore tax evasion. Late last week it was revealed that on November 17th lawyers representing Credit Suisse filed an application with the Federal Court of Canada to overturn a previous ruling which granted tax authorities access to over “500 boxes” of archived transaction data and customer ... Read More

The Canadian tax authority’s latest investigation into undeclared offshore bank accounts has already resulted in 19 individuals coming forward with details of their unreported bank holding at the Swiss division of HSBC. As we reported earlier, on September 30th 2010 the Canadian Revenue Agency (CRA) announced that they had received banking and personal information on 1800 Canadians with potentially undeclared accounts at the HSBC bank in Switzerland. The CRA has already initiated investigations into the information, hoping to uncover evidence of tax evasion ... Read More

Canadian and French tax authorities are cooperating in an investigation into potentially undeclared offshore accounts held by Canadians in the Swiss division of the HSBC bank. On September 30th Keith Ashfield, Canadian Minister of National Revenue, revealed that the Canada Revenue Agency (CRA) has received extensive information regarding national taxpayers with offshore accounts held with the Swiss division of the Hong Kong and Shanghai Banking Corporation (HSBC). This data contains details regarding approximately 1 800 accounts linked to Canadian taxpayers. The CRA has ... Read More

A new tax credit has been proposed for organ donations in Canada, in an effort to increase the number of donations made annually and reduce the waiting time for transplant consent. At the 2010 Congress of the Humanities and Social Sciences, which ran from May 28th to June 4th at Montreal's Concordia University, Jurgen De Wispelaere, researcher at Université de Montréal, presented a paper with suggested reforms to the nation’s organ transplant procedures. His proposal includes two primary reform measures. The first involves ... Read More

The Government of Germany and the Government of Canada are initiating separate international bank tax campaigns, although, the two nations are pursuing for opposing views. Ahead of the upcoming June G20 Summit in Toronto, Canada, the German and Canadian Governments are increasing efforts in swaying international Governments towards their views on the proposed introduction of an international bank tax system. At a conference on new financial regulations held in Berlin on May 20th, German Chancellor Angela Merkel stated "We will campaign for a ... Read More