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Finance committee relaunches probe into offshore tax evasion with questions over Isle of Man fraud A managing partner at KPMG told the committee that allegations the company was involved with Isle of Man sword companies and CINAR fraud are false Author of the article: Jesse Snyder Publishing date: May 06, 2021  •  18 hours ago  •  4 minute read  •  Douglas Harbour on the Isle of Man. A 2019 report estimates that the Canadian government is missing out on as much as $25 billion a year in revenues due to an inability to crack down on overseas tax havens. Photo by Getty Images Article content OTTAWA A Parliamentary committee on Thursday launched an investigation into how Canada can better defend against offshore tax evasion, with some MPs pressing for details around a high-profile financial fraud in the mid-2000s that robbed many Canadians of their life savings.

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