Shopify CEO promises to fight the request, calling the action ‘low-key overreach.’ Expert says data includes ‘everything the CRA needs to audit these businesses.’
Shopify CEO promises to fight the request, calling the action ‘low-key overreach.’ Expert says data includes ‘everything the CRA needs to audit these businesses.’
I have mixed thoughts on this. On the one hand, yes, catching tax evaders is good, on the other hand it does feel like overreach to just force companies to give up their customer data without any specific target or specific suspicion of a wrongdoing.
As a secondary concern, in today’s political climate it is bad for business to have the government in your data. There’s going to be a ton of Americans who don’t read the details on this and assume the Canadian government has their data.
If the CRA wants to catch tax evaders I have a tip: call any literally contractor and ask if they offer a cash discount, 99.99% do, by not paying taxes. I doubt retail businesses with an HST number and a digital audit trail are flouting their taxes at anywhere near that rate.