Canada Revenue Agency promises ‘blitz’ on Isle of Man tax accounts

, International

The CRA says it's actively pursuing hundreds of accounts created by accounting giant KPMG and registered on the island off the coast of England.

OTTAWA — The head of Canada Revenue Agency says the federal body is in the midst of a “blitz” on the Isle of Man tax scheme that heightened public and regulatory concerns over offshore accounts.

Andrew Treusch told the House of Commons finance committee on Thursday that the CRA is actively pursuing hundreds of accounts created and registered on the island of the coast of England.

Treusch stressed that the agency had not offered amnesty to KPMG, as had been reported in the media.

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