A recent report claims auditors take a kid glove approach to ordering "legislated enforcement" on Canada's largest corporations because "they don't want to damage relations."
There is a massive backlog in a $51 million program that roots out $1.4 billion in unpaid corporate taxes each year.
The agency dedicates more than 600 auditors to the task of examining the books of these 9,400 corporations, most of them in Vancouver, Calgary, Toronto and Montreal.
The way I read it, 600 auditors are eating up $51 million, and they are getting nowhere.
Investigators also found that fewer than 4 per cent of 719 audit files closed between 1999 and 2003 were completed on time.
Now I need to get this straight, if I owe Canada Revenue even $10.00 they will continuously send me red late due, overdue, threats to take the ten dollars from my next income tax return, and withhold my GST payment; however if I owe them $500,000.00, they will be nice and leave me alone for fear of "damaging relations?"
The agency says it is analyzing the timeliness problem and developing a strategy, but warns "it may take a number of years to achieve the desired results."
I can't believe it will take a few years to catch up, maybe they just need another $50 million program to audit the audits of the auditors in the initial program.
I always have so many questions when these types of reports come out. What are the auditors doing all day? How come they can threaten citizens with "legislated enforcement" and not huge corporations? How much money do taxpayers have to spend to recover tax money the delinquent corporate taxpayers owe?
What exactly is going on here?
Listen
Print
Social Comments ()
Digital Journal Comments (1)
Email this
Share on Facebook
