Hacker News Reader

>declare annually NO-ACTIVITY. In other words, they cheat a bit,

That's just straight up tax fraud. You don't need Canada for that. If you're willing to make fraudulent declarations to tax authorities you don't really need all these complicated things.

View on HN

from the article:

> “Things you’d do 20 years for in the U.S., you might get a fine in Canada and that’s not lost on criminals,” Mathers told the Star.

The United Nations University World Institute for Development Economics Research has a report on estimated losses due to tax evasion by country in 2013 (published in 2017).

https://www.wider.unu.edu/sites/default/files/wp2017-55.pdf

Anyone uninterested in reading the whole report can CTRL+F country names (there is a breakdown in the appendix).

when you earn your money in China, and can extract only what you need to live in Canada, it's easy to cheat. Canada has no way of finding out how much they actually earn or hold in wealth in China.

Reply on news.ycombinator.com