Trudeau backtracks, will allow companies who use tax havens to get bailout money
During the first virtual sitting of the House of Commons on Tuesday, Prime Minister Trudeau told legislators that tax-avoiding companies would not be receiving bailout money.
When asked on Wednesday to reiterate his support for this policy, the Prime Minister skirted questions and refused to repeat his pledge.
During this morning’s press conference, he was again asked to confirm his previous comments. The Prime Minister refused.
The idea of blocking access to financial aid for tax-evading companies has been gaining traction around the world. Denmark, France, and Poland have all announced plans to refuse aid to companies registered in offshore tax havens.
The Bloc Québécois and the New Democratic Party have been pressuring the federal government to commit to a similar policy in Canada. According to a 2017 report, Canadian corporations hide nearly $300 billion in tax havens.