WATCH: KPMG - "The Untouchables"

WATCH: KPMG - "The Untouchables"

Postby Oscar » Fri Mar 03, 2017 9:14 am

WATCH: "The Untouchables" PODCAST on KPMG on the Fifth Estate - 45:08 min.

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March 3, 2017

A tax dodge for Canada's wealthy dreamed up by one of the biggest accounting giants in the world was called a "sham" but a government inquiry vowing to get to the bottom of it went nowhere. Gillian Findlay investigates.

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LISTEN: How accounting firm KPMG helped wealthy Canadians dodge their taxes

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Thursday March 02, 2017 (Watch Fifth Estate on Mar. 3 or the PODCASTS later in the week . . .)

A parliamentary inquiry into the role KPMG played in helping wealthy Canadians avoid paying taxes was much less aggressive than a U.S. Senate investigation in a KPMG tax avoidance scheme that helped Americans evade paying taxes.

That was one of the conclusions of an investigation into the accounting giant KPMG by the CBC's fIfth estate which airs March 3.

The difference between the two investigations "was night and day," says Harvey Cashore, the senior producer of CBC's special investigations unit who produced the fifth estate documentary.

"You began with the same idea which was let's investigate the facts behind what happened. And very early on in the Canadian inquiry, and this is a parliamentary inquiry, you see the KPMG witness refuse to answer the question about who he talked to at the CRA (Canadian Revenue Agency), or the KPMG talked to. And that question was allowed to go unanswered," Cashore tells The Current's Anna Maria Tremonti.

"If you contrast that with some of the testimony that KPMG was trying to provide in the United States, the congressional Senators were having nothing to do with it. They would say answer the question."

Tax professor André Lareau was among experts forbidden from addressing KPMG's controversial offshore tax dodge in the Isle of Man at Commons finance committee, June 7, 2016. (Parliament of Canada)


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