Is a Canada Revenue Agency landlord avoiding taxes via offshore havens?
The Canada Revenue Agency (CRA) rents office space from a Vancouver-based property developer – a company that exploits offshore tax havens in Liechtenstein, the British Virgin Islands and Channel Islands.
Larco Investments Ltd. owns three buildings in Montreal, Calgary and Edmonton where they rent office space to the CRA. Larco purchased the buildings from the federal government in 2007.
Yet evidence has emerged that Larco takes advantage of offshore tax havens.
“It's interesting to us that as a government landlord, that’s also the landlord of the CRA, when the CRA is supposed to be going after this (offshore) stuff… it just raises questions about whether the CRA is aware,” says Michelle Travis, research co-ordinator of UNITE HERE Canada, a retail sector union which represents workers employed by Larco.
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