LISTEN: Canada marketed as global tax haven, experts say
[ http://www.cbc.ca/radio/thecurrent/the- ... -1.3950081 ]
Thursday January 26, 2017
Last April, when the Panama Papers were released, investigative journalists from around the world combed through the massive document dump from a Panamanian law firm to see who was hiding what, and where — in tax-avoiding offshore accounts.
Journalists revealed the names of a number of Canadians who were sheltering their money in havens such as the Bahamas and Seychelles.
But more digging has shown something even more surprising — Canada may be turning into quite the tax haven itself.
Both the CBC Investigative Unit and the Toronto Star [ http://projects.thestar.com/panama-pape ... tax-haven/ ] have been investigating the Panama Papers and found that Canada was being marketed by law firm Mossack Fonseca and others as a destination for tax evasion and avoidance.
MORE:
[ http://www.cbc.ca/radio/thecurrent/the- ... -1.3950081 ]
Related:
'Tax haven' Canada being used by offshore cheats - January 24, 2017
[ http://www.cbc.ca/news/investigates/pan ... -1.3950552 ]
QUOTE: "One firm advertises limited partnerships in Canada as the "freshest alternative" to more notorious tax havens, praising the country as a "whitelisted, respectable jurisdiction.""
Part 1: Snow washing - Canada is the world’s newest tax haven - January 25, 2017
[ http://projects.thestar.com/panama-pape ... tax-haven/ ]
Canada is quietly emerging as a popular tax haven for the global elite, who create shell companies with figurehead directors to evade or avoid taxes, a Toronto Star/CBC-Radio Canada investigation has found.
Canadian ties exposed in leaked Bahamas tax-haven data - September 21, 2016
[ http://www.cbc.ca/news/business/bahamas ... -1.3771867 ]
QUOTE: "According to the latest figures from Statistics Canada, nearly $33 billion in declared Canadian funds were parked in the Bahamas as of the end of last year — or $82,500 for every woman, man and child there — making it the No. 6 foreign destination for Canadian money, ahead of China, Brazil and Germany combined. "