Paradise Papers

[RWT101]

Tax evasion? I'm shocked!!!

http://www.hiddenmysteries.org/conspiracy/reststory/bronfmanevade.html

I'm not even going to comment on these old family traditions.

[Horse]

So Horse, your equating incorporating a small business to having an off shore trust?

it is about as night and day as you can get.

Oh ya, it was either the Chretein or Martin liberals that allowed the Irvings to forgo a "Billion" in tax owing when they transferred a few billion offshore.

Just a small favour for a friend.

So if you only steal a little you are better than those who stole a lot ??

[chuckChuck]

Mulroney isn't the PM of canada any more Trudeau is lets nail him.

Or in chuckles world maybe we should dig up defenbaker maybe he had money also in these trusts.


Your guys are crooks chunky realize it.

Never ever voted Liberal. Just pointing out that it is both The Liberals and The Conservatives who have failed to adress the issue of offshore tax havens. Both have friends and supporters who use tax havens. Good to see that the CBC is digging deep on This issue. The CBC also covered the Cobservative party's connection to KPMG and offshore tax havens.

[farmaholic]

Incorporated small businesses that probably don't go over the $500K net income versus Large business or family trusts with money offshore or businesses registered off shore.....I fail to see the similarities.

[Horse]

Incorporated small businesses that probably don't go over the $500K net income versus Large business or family trusts with money offshore or businesses registered off shore.....I fail to see the similarities.

So lets say I steal a single axle truck load of your grain, or I steal a super b,is there a difference ??

[westernvicki]

Won't do much damage as CBC and CTV will not bother to expose. A footnote maybe.

[farmaholic]

So lets say I steal a single axle truck load of your grain, or I steal a super b,is there a difference ??

....only if you take the money out of the country to avoid paying taxes at home.

By the way...Incorporation is only a tax deferral and unless you are a complete fraud.....the Gov gets their share later than sooner because the money is supposed to be all accounted for.

[Hamloc]

So if you only steal a little you are better than those who stole a lot ??

Horse I need some serious clarification. Are you saying that because my farm is incorporated I am stealing? And you wonder why I can't stand socialists! I personally think when you a personal tax rate over 50% that is stealing(combined fed and provincial rates in many provinces over 50%)!!

[burnt]

Tax evasion? I'm shocked!!!

http://www.hiddenmysteries.org/conspiracy/reststory/bronfmanevade.html

I'm not even going to comment on these old family traditions.

And what has changed since that story was written? It's only continued or gotten worse.

A couple of weeks ago, Andrew Coyne had an article in the NP - "Morneau can't solve the tax problem because he IS the problem".

Bingo.

Oh, BTW, this story should reassure us that all will be accounted for because the CRA tells us that the real tax cheats will be exposed -

[URL="http://nationalpost.com/news/canada/cra-vows-action-on-canadian-tax-evaders-exposed-in-paradise-papers"]http://nationalpost.com/news/canada/cra-vows-action-on-canadian-tax-evaders-exposed-in-paradise-papers[/URL]

[AlbertaFarmer5]

In the climate change thread, we discussed the double standard that the governing elite impose on the rest of society regarding the qualifications required to be a climate change expert. This is more of the same double standard from the same entitled elite, claim farmers and small businesses are all tax cheats, meanwhile they are doing this?

[Casered]

Never ever voted Liberal. Just pointing out that it is both The Liberals and The Conservatives who have failed to adress the issue of offshore tax havens. Both have friends and supporters who use tax havens. Good to see that the CBC is digging deep on This issue. The CBC also covered the Cobservative party's connection to KPMG and offshore tax havens.

The conservatives didn’t call me a tax cheat for incorporating. The conservatives didn’t try to raise taxes on farmers while droning on about tax fairness. Pretty hard to talk about tax fairness with a straight face when the richest companies in Canada are not paying their fair share by using off shore tax havens.

[LEP]

So if you only steal a little you are better than those who stole a lot ??

Horse, you are clearly slinging bs about something you don't know anything about. Like Farmaholic says a corporation is a tax deferral mechanism and once you withdraw income from it you pay the same combined tax rate as you would personally.

Offshore trusts are there for the express purpose to not pay any Canadian tax. It is legal if tax paid money is moved into them, which clearly isn't happening.

I gather you are an old socialist. Not any better informed than these millennial socialists.