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Sunday, May 24, 2009

Corporations taking advantage of the taxman, watchdog reports

I am not sure what outrages me more about the latest revelation by the Auditor General (Corporations taking advantage of the taxman, watchdog reports, Globe and Mail, May 13, 2009).

I am surprised that the hapless tax department felt unable to adjust its interest rate to reflect falling market rates.

But I am appalled at the failure in Corporate Citizenship exhibited by the 50 unnamed companies who took arbitrage advantage of the government. They should be named.

Sen t to Toronto Globe and Mail

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