MONTREAL – A Quebec research institute says some of Canada’s biggest companies have transferred billions of dollars in profits to Luxembourg to avoid paying domestic taxes.
The research published today by IRIS says 59 Canadian companies – including 33 headquartered in Quebec – transferred some $119.8 billion in net profits to the European low-tax country over a period of about 10 years.
The companies operate in several sectors including finance, natural resources, food and technology, and include big names such as Thomson Reuters, Alimentation Couche-Tard and Saputo Inc.
I bet some of the same companies Trudeau has granted power to import indentured servants into Canada are on that list.
