Quote:
Originally Posted by Northendzone
My favourite tax evasion manoeuvre was when pm Paul Martin had canda steamship lines registered in another country to avoid Canadian taxes......it annoys me when a regular working person who makes say $75,000 and pays say $10,000 in taxes, and then some rich guy who makes ten times that and pays about the same amount of taxes.......
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I don't actually know the details here but why can't I register my business elsewhere for tax efficiency reasons? I'm Canadian, but if incorporating a company in Barbados and availing myself of reduced treaty rates on gains affords me better tax treatment, there is absolutely nothing wrong with that. That is how the law is written.
People need to stop equivocating between tax evasion, which is essentially fraud on the government perpetrated with the intention to not pay tax that is required to be paid under the law, and tax avoidance, which is structuring your affairs within the requirements of the law so as to minimize tax payable.