11. Believes that fundamental corporate governance principles of transparency and accountability will contribute to a strong and stable economy by reducing market volatility and increasing trust in businesses; calls for public, country-by-country reporting on large enterprises in all sectors to increase transparency regarding their activities, in particular regarding profits made, taxes on profit paid and subsidies received; believes that mandatory reporting in this area is an important element of the corporate responsibility of companies to shareholders and society;

Principle two, as far as the Canada Revenue Agency is concerned, is that what they do with the non-receipted donations or any other income, including billions in government grants, is up to them.

If a Canadian registered charity gives out a tax receipt, it is only good against income generated in Canada.

48. Welcomes the progress made on country-by-country reporting under the Accounting and Transparency Directives; calls on the Commission to introduce, as the next step, country-by-country reporting for cross-border companies in all sectors, enhancing the transparency of payments transactions – by requiring disclosure of information such as the nature of the company’s activities and its geographical location, turn-over, number of employees on a full-time equivalent basis, profit or loss before tax, tax on profit or loss, and public subsidies received on a country-by-country basis on the trading of a group as a whole – in order to monitor respect for proper transfer ...[+++]pricing rules;

All I'm saying is if you were to sell the land for $100,000, pay your taxes on the $60,000 gain, then donate the remainder and get a tax receipt, it comes to exactly the same number.

If one were, for example, to give us the powers to not only give an income tax receipt for the value of the property upon donation, as we currently can, but also to waive the capital gains tax that would be applied to the appreciated value—the value of that building that might have appreciated during the period of ownership—the media would probably pounce on that as a way of giving money to the already rich financial institutions.