Want a glimpse of what kind of person gets involved with a Panamian law firm specializing in creating offshore companies and "handling" assets? Take a look at this video interview the Toronto Star has published with Canada's Danny Lalonde, a former professional boxer who dreamed of retiring to a tropical lifestyle.
Hey Canada! It's 2016. Do you know where your money is?
In the span of a single year, $40Billion Canadian flowed to the top 10 tax havens – an all time high. Tax havens now hold at least $270B of Canadian corporate money, mostly untaxed. And this was all happening while the Department of Finance and the Canada Revenue Agency was assuring us that they had it all under control.
Read on to find out the most popular tax havens for wealthy Canadians... and more importantly, how to turn this problem around.
The young auditor who blew the whistle on secret tax deals between Luxembourg and Apple, Starbucks and several powerful Canadian multinationals is going to trial next week. He’s got a message for Canadians.
Why is Canada's National Revenue Minister not acting to clamp down on tax haven use and use the courts to do it? Super-wealthy clients could not be sending their money offshore with such ease if it weren't for the aggressive and secret global wealth management industry. Instead the government continues to engage with firms KPMG, which gets millions in federal contracts each year.