From the Huffington Post: "Cameco is a multi-billion Canadian company that mines Canadian uranium, uses Canadian-developed technology, and relies on Canadian transportation system. Cameco employees use the Canadian education system, the Canadian health system, and they rely on the stability and legal protection that a Canadian democracy provides. Former Canadian Deputy Prime Minister, Anne McLellan sits on the board of directors. Funny thing, though; like many transnational companies, Cameco has decided that it is good business practice to park its profits offshore -- to the notorious tax haven of Zug, a city in Switzerland. Cameco pays the good people of Zug a ten per cent corporate tax rate for their trouble -- instead of a Canadian corporate rate of 27 per cent. Mind you, Cameco doesn't really have any operations to speak in that city. So it is easy money for Zug."
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One of the largest companies in Saskatchewan is in the midst of a multi-million dollar tax court battle with Canada Revenue Agency (CRA).
Cameco has publicly estimated that it could end up owing $800-850 million in Canadian corporate taxes for the years 2008 to 2012, if it loses the case.
Saskatchewan may have missed out on $300 million in corporate tax.
Without full transparency there can’t be full accountability. Watching the Harper Conservative’s handling of the Senate scandal, we are quickly learning that the art of governance can easily become about controlling information to hide collusion, incompetence and double standards. None of this will help us meet our coming challenges.
The Harper-run Conservatives combined their revisioning of conservatism and economism into a winning strategy. With significant vote-splitting in the existing first-past-the-post system, a minority won a majority of seats in 2011. The broad Canadian public now seems to be looking more deeply at the rhetoric and the realities of Harper’s political brand. It’s about time.