Toronto Star, "Justin Trudeau’s position on COVID-19 bailouts for tax-haven companies gets murkier"
The article examines whether companies registered in tax havens should be excluded from receiving COVID-19 bailout funds:
There are too many unanswered questions about how the government would exclude companies from receiving bailout funds, said Molly Luu, a tax lawyer with Miller Thomson. She believes it can’t be done by adding questions at the application phase, which would risk holding up much needed aid.
“If you put in a lengthy application process, that would suffocate the rapid roll out of these programs, which are intended to benefit employees,” Luu said. “This means it would probably occur at the back end, by way of CRA audits later on.”
