The Canada Revenue Agency says its investigators executed search warrants on two properties in Vancouver today — part of an effort to find further evidence in a $77 million tax evasion case related to the Panama Papers. The agency says investigators uncovered a series of transactions involving offshore tax havens linked to an alleged attempt by a non-resident to avoid paying tax he was withholding. Investigators relied on various sources, including records obtained through the Panama Papers leak, according to a news release. The CRA says this investigation is one of 52 international and offshore tax evasion cases in which it is involved. In 2017-2018, 14 taxpayers were sent to jail for tax evasion for a total of 40 years, according to the CRA.

Source: CBC News March 28, 2019 18:32 UTC