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Only a week after the so-called Panama Papers burst into the media spotlight early last month, the Canadian government issued a news release vowing to “crack down on tax evasion and tax avoidance.” The leak of a staggering 11.5 million documents from a Panama City law firm promised to reveal as never before the inner workings of tax havens from Switzerland to Cyprus to the British Virgin Islands—and Ottawa at least appeared to be taking decisive action.




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