Calgarypuck Forums - The Unofficial Calgary Flames Fan Community
Old 11-05-2017, 02:31 PM   #1
Cameron Swift
Powerplay Quarterback
 
Join Date: Dec 2009
Location: SW Calgary
Exp:
Default The Paradise Papers

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
Cameron Swift is online now   Reply With Quote
Old 11-05-2017, 03:09 PM   #2
killer_carlson
Franchise Player
 
killer_carlson's Avatar
 
Join Date: Oct 2001
Exp:
Default

cbc.ca picking up the story.

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

Quote:
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)

Quote:
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.
__________________
"OOOOOOHHHHHHH those Russians" - Boney M
killer_carlson is offline   Reply With Quote
Old 11-05-2017, 03:54 PM   #3
Muta
Franchise Player
 
Muta's Avatar
 
Join Date: Mar 2002
Location: Auckland, NZ
Exp:
Default

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
Muta is offline   Reply With Quote
Old 11-05-2017, 04:04 PM   #4
CaptainYooh
First Line Centre
 
CaptainYooh's Avatar
 
Join Date: Feb 2010
Location: Calgary
Exp:
Default

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.
__________________
"An idea is always a generalization, and generalization is a property of thinking. To generalize means to think." Georg Hegel, Philosopher

“To generalize is to be an idiot.” William Blake, Writer
CaptainYooh is offline   Reply With Quote
The Following 10 Users Say Thank You to CaptainYooh For This Useful Post:
Old 11-05-2017, 04:34 PM   #5
killer_carlson
Franchise Player
 
killer_carlson's Avatar
 
Join Date: Oct 2001
Exp:
Default

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
__________________
"OOOOOOHHHHHHH those Russians" - Boney M
killer_carlson is offline   Reply With Quote
The Following User Says Thank You to killer_carlson For This Useful Post:
Old 11-05-2017, 05:02 PM   #6
CaptainYooh
First Line Centre
 
CaptainYooh's Avatar
 
Join Date: Feb 2010
Location: Calgary
Exp:
Default

Quote:
Originally Posted by killer_carlson View Post
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.
__________________
"An idea is always a generalization, and generalization is a property of thinking. To generalize means to think." Georg Hegel, Philosopher

“To generalize is to be an idiot.” William Blake, Writer
CaptainYooh is offline   Reply With Quote
Old 11-05-2017, 05:12 PM   #7
rubecube
Franchise Player
 
rubecube's Avatar
 
Join Date: Mar 2006
Location: Victoria
Exp:
Default

Quote:
Originally Posted by killer_carlson View Post
But somehow he won't. And somehow it will be the fault of Ft McMurray
What?
rubecube is online now   Reply With Quote
Old 11-05-2017, 06:04 PM   #8
killer_carlson
Franchise Player
 
killer_carlson's Avatar
 
Join Date: Oct 2001
Exp:
Default

Quote:
Originally Posted by rubecube View Post
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
__________________
"OOOOOOHHHHHHH those Russians" - Boney M
killer_carlson is offline   Reply With Quote
Old 11-07-2017, 01:31 PM   #9
Northendzone
Franchise Player
 
Northendzone's Avatar
 
Join Date: Aug 2009
Exp:
Default

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
__________________
I really like bikes and bike related discussions......
Northendzone is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 05:20 PM.

Calgary Flames
2017-18




Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright Calgarypuck 2016