The tax authorities of the United Kingdom and Canada are to deepen cooperation to establish a stronger mutually beneficial relationship, senior officials from both Government have said.
Canada's Revenue Minister, Kerry-Lynne D. Findlay, met with David Gauke, the UK's Financial Secretary to the Treasury, in London on September 8. Findlay said that they had agreed the two administrations share similar goals. These include combating international tax evasion and aggressive tax avoidance, ensuring a fair and competitive tax regime, and reducing rep tape for business.
The ministers discussed the recent protocol to the bilateral double tax agreement, and described it as "a significant step in our efforts to modernize the legal and administrative mechanisms between our two countries which allow us to deal with issues such as international tax evasion." They also noted the progress made by both countries in tackling offshore tax evasion, and agreed on the need to maintain an equitable business environment.
Findlay and Gauke said in a joint statement: "We discussed issues facing our respective tax administrations and how, by working together, we can better share information, encourage tax compliance and pursue individuals or organizations who seek to avoid their tax obligations."
"Collaboration is key to the current and future success of both our administrations, and we look forward to continuing this dialogue and working evermore closely in the future," they added.