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Wary of scrutiny, Canadian firms think twice about tax-saving strategies Add to ...

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Corporate tax lawyers are bracing for increasing scrutiny on their work in the wake of public outcry and Ottawa’s pledge to clamp down harder on evasive practices.

Caches of leaked files, from Liechtenstein’s LGT Bank in 2008 to the recent Panama Papers, have exposed the ease with which wealth is moving across borders and into places that offer both discretion and little or no tax burden. In response, many countries have responded through concerted efforts to exchange information and co-ordinate laws.

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