Paradise Papers: Tax haven secrets of ultra-rich exposed

[tay]

A key aide of Canada's PM has been linked to offshore schemes that may have cost the nation millions of dollars in taxes, threatening to embarrass Justin Trudeau, who has campaigned to shut tax havens.

Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US.

The leak, dubbed the Paradise Papers, contains 13.4m documents, mostly from one leading firm in offshore finance.

BBC Panorama is part of nearly 100 media groups investigating the papers.

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Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

 

[Vbeacher]

Apparently among its clients were the Bronfmans, who have been funding the Liberal party for decades, as well as Mulroney, Chretien, Paul Martin Jr and his Canada Steamship Lines, and Trudeau senior. Not sure yet about Trudeau junior.

Anyone here actually trust CRA to investigate this honestly?

http://www.cbc.ca/news/business/paradise-papers-leak-1.4387338

 

[Hoid]

What? No conservatives?

Anyone here really trust you to comment honestly?

 

[Vbeacher]

What? No conservatives?

Anyone here really trust you to comment honestly?

Well you could read the cite if you can get your pea brain to function long enough.

 

[taxslave]

He's too young to remember Mulroney. That was so yesterday.

 

[Cannuck]

Those Bromfmans are such socialists

 

[Ocean Breeze]

List of people and organizations named in the Paradise Papers

https://en.wikipedia.org/wiki/List_of_people_and_organizations_named_in_the_Paradise_Papers

Watching a documentary on this on BBC. Fascinating.....But now that this shady system has been exposed it might not be as easy to continue this.

 

[taxslave]

Depends. SO far no one seems to have done anything illegal. The flip side of these somewhat shady tax havens is that if governments were not in such a rush to steal peoples money it would not be going offshore but invested here.

 

[tay]

One of the better explanations of tax shelters I've read and why you pay more in taxes because of them........


How do they do it?

For an example, look no further than your search bar. In 2003, a year before it went public, Google (now a multinational conglomerate known as Alphabet) began a series of moves that would allow it to obtain favorable tax treatment in the future.

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https://www.nytimes.com/interactive...&moduleDetail=most-emailed-2&pgtype=undefined