Canada is just not doing enough to fight tax evasion. In particular, it is alleged that the Harper-led government is resisting efforts to mandate the adoption of public registers disclosing the beneficial owners of offshore accounts and shell companies.
According to Canadians for Tax Fairness, Canada is also not as enthusiastic as they would like on the idea of automatic exchange of tax information, which has gained currency within the G-8 since the US announced its own version under FATCA.
They are hoping that next week in Northern Ireland, where the G-8 Summit takes place, Chairman of the Group and UK PM David Cameron can exert some positive peer pressure on PM Harper to support stepped up action against tax evasion.
For its part, Canadians for Tax Fairness plans a number of media stunts ahead of the Summit including what they refer to as “156 empty plates”, with each plate meant to signify what they estimate to be $156 billion in tax revenues lost from funds that wealthy individuals have hidden in tax havens around the world.http://www.taxfairness.ca/news/tired-foot-dragging-tax-havens-heres-chance-go-public
That Canada is adopting a cautious and measured approach to the complicated problem of global finance is what the rest of the world has come to expect from this country, that has maintained a sound and enviable record in banking where others, have not.