Canada presses UBS for help nabbing tax evadersCanadian tax officials are pressing UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System for information on two Canadians thought to be on a list of 4,500 account holders probed by US authorities for alleged tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. , a top official said Thursday. "We started discussions about two Canadians who are on the client lists UBS handed over to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and we are continuing to seek more answers," Canada's Revenue Minister Jean-Pierre Blackburn told AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. . The talks were "productive and constructive," he said after a first meeting Wednesday between the Canada Revenue Agency The Canada Revenue Agency (CRA) administers:
Blackburn urged Canadians who have so far neglected to pay their taxes to come forward during a current amnesty for tax delinquents, in order to avoid prosecution. "It's a matter of time. We will end up getting our hands on the list and the names contained in it, and we will do checks," he said. The talks between UBS and the Canada Revenue Agency come on the heels of a landmark deal in August between the United States and the Swiss banking giant, which ended a bruising lawsuit over access to client records. Blackburn said last month that Ottawa does not know how many Canadians are using tax havens to avoid declaring their taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. . Thursday, he reaffirmed his department's intentions to use all legal tools at their disposal to force UBS to out Canadians hiding funds offshore, noting Canada and Switzerland have an accord for such disclosures. "Should the current level of cooperation stop, we will use all legal means to obtain information on Canadians' offshore accounts," he said. 
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