The Paradise Papers

[Swift]

Mentioned in the US politics thread but probably deserves its own.

https://www.theguardian.com/news/201...-hidden-wealth

Trudeau advisor implicated too - https://www.theguardian.com/news/201...aradise-papers

[killer_carlson]

cbc.ca picking up the story.

http://www.cbc.ca/news/business/step...pers-1.4382511

In the early summer of 2015, Justin Trudeau was the star attraction at a private fundraiser in Montreal hosted by philanthropist and financier Stephen Bronfman.
Bronfman, an heir to the Seagram family fortune and a close Trudeau family friend, was revenue chair of the Liberal Party. That day, according to news reports, the two men raised $250,000 in under two hours.

Within weeks, the Liberals would launch their federal election campaign, sweeping to power on a "Real Change" platform that focused on the middle class and a promise to tax the rich.

"Our government has long known — indeed, we got elected — on a promise to make sure that people were paying their fair share of taxes," Trudeau said shortly after his election victory. "Tax avoidance, tax evasion is something we take very seriously."

I think this is the key part. (bolded for emphasis)

Offshore trusts can be perfectly legal. They are not subject to Canadian law so long as they meet certain conditions.

And for the Canada Revenue Agency, the most important rule for offshore trusts is that they really did have to be offshore — that's where the decisions, the so-called "mind and management," had to be made.
Yet the Paradise Papers — which contain more than 5,000 documents from the Kolber Trust file alone — reveal numerous examples where decisions were made and approved not in the Caymans, but in Canada.

There are memos seeking the "approval," "authorization" and "written confirmation" for business decisions from Montreal-based investment manager and accountant Don Chazan. The Paradise Papers also show there are phone calls and meetings in Montreal between Chazan and Jonathan Kolber.

[Muta]

Trump's Commerce Secretary, Wilbur Ross, exposed by the Paradise Papers to have Russian connections through business:

Paradise Papers: Leaks Show Wilbur Ross Hid Ties to Putin Cronies

https://www.nbcnews.com/politics/pol...ronies-n817711

[CaptainYooh]

It is much more politically productive and sexy to call those engineers making $150K/yr salary rich and grab 40% of it in taxes in the name of equality for middle class and working poor. Letting your billionaire party buddies transfer billions to off-shore trusts and evade billions in due taxes is quite OK. I am tempted to say "that's what Liberals are all about", but that wouldn't be true. That's what all politicians are all about regardless of the their chosen party colours or country of origin.

[killer_carlson]

Sure Captain Yooh, but i'm most willing to deman accountability from the trust fund baby who campaigned on taxing those who cheat the system.

If what is stated in the article is true - that the legal parameters of offshore investing were broken - then Trudeau has to go after this.

But somehow he won't. And somehow it will be the fault of Ft McMurray

[CaptainYooh]

Originally Posted by killer_carlson

Sure Captain Yooh, but i'm most willing to deman accountability from the trust fund baby who campaigned on taxing those who cheat the system.

If what is stated in the article is true - that the legal parameters of offshore investing were broken - then Trudeau has to go after this.

But somehow he won't. And somehow it will be the fault of Ft McMurray

I recall reading somewhere that Bronfmans' $2B tax-free off-shore trust transfer was initially approved by Mulroney when the hints of the proposed legislation prohibiting these kinds of transfer tax-free started to surface. Chretien and Martin approved the transfer literally days before enacting this legislation saving their buddy Bronfman over $700M in taxes.

[rubecube]

Originally Posted by killer_carlson

But somehow he won't. And somehow it will be the fault of Ft McMurray

What?

[killer_carlson]

Originally Posted by rubecube

What?

Perhaps you're oblivious to the fact that all Trudeau ills are cured by destroying the oil industry.

Until Kenney's threats become more serious and Trudeau starts panicking

[Northendzone]

in a week this will be forgotten as theer will be something new.

these politicos take care of their own, and the CRA will chase down the average tax payers for $200, they guy who should rightfully pay $200 million gets away wihout paying