Fiscale controle 3

Fiscale controle 3

It is estimated that between 25% and 30% of the profits of Canadian companies made abroad are made in tax havens. Calculations show that this type of tax planning can reduce Canadian corporate income tax by approximately 7%. Estimates provide lower figures for Quebec: the use of tax havens allows companies to reduce their income tax by about 5%. Thus, nearly 12% of the difference between the statutory tax rate applicable to Québec corporations and the tax rate actually paid by these corporations is explained by the use of tax havens. It should be noted that these figures hide a strong heterogeneity in the use of tax avoidance strategies by companies.planification fiscale So, companies active in certain sectors of activity seem to have much more aggressive planning strategies than others – this is the case, for example, in the finance and insurance sectors. Moreover, recourse to tax havens is used by a very limited number of very large companies. As with any study, the results presented in this report should be taken with caution. The methodology used here is based on rigorous and proven scientific studies. Nevertheless, data on the activity of companies abroad – particularly in tax havens – are extremely limited in Canada and almost non-existent in Quebec. Due to the lack of data, the collection of detailed data on the international activity of companies by statistical organizations and their rigorous analysis seem imperative. These tools will make it possible to understand more precisely the practices of recourse to tax havens by multinationals and thus guide the legislative choices relating to these practices.