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The Pandora Papers leak and Canadian off-shore tax havens

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#1 Mike K.

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Posted 03 October 2021 - 08:38 AM

The offshore fortunes of prime ministers, royalty, billionaires, athletes and celebrities are being laid bare in a giant new leak of tax-haven financial records, even bigger than the Panama Papers, revealed today by a global consortium of media outlets.


The leaked files, dubbed the Pandora Papers, show 35 current or former world leaders and more than 300 other public officials around the globe who have held assets in or through tax havens. Former British prime minister Tony Blair, the current prime ministers of the Czech Republic and Kenya, and the king of Jordan have all benefited from the anonymity or tax advantages of their offshore holdings, the records reveal.


The 11.9 million files — consisting of everything from emails to bank statements, incorporation documents and shareholder registries — are from 14 firms that provide offshore services, and were leaked by a confidential source to the Washington-based International Consortium of Investigative Journalists. The ICIJ has provided access to the files to 150 of its partner news organizations around the world, including CBC/Radio-Canada and the Toronto Star in Canada.


So far, the CBC and the Star have identified the names of at least 500 Canadian citizens or residents in the records.



- https://www.cbc.ca/n...dance-1.6197303

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#2 Nparker

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Posted 03 October 2021 - 08:46 AM

Why did I think this was going to be an exposé on "Our Place"?

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#3 spanky123

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Posted 03 October 2021 - 09:11 AM

Have a good friend of mine who was named in the Panama papers. Well known guy, not hard to find, not hiding anywhere. Nobody ever contacted him from the CRA or anywhere else.

Having said that, if he was hiding money somewhere it never showed!

As the article says, having an account or money offshore is no crime. Prior to 7-8 years ago it was common to have a trust set up offshore if you had some extra cash. When the CRA changed it’s rules then a lot of them went inactive or were shut down. Minimizing tax by taking advantage of the rules as written is also not a crime even though many people seem to wish it was.

#4 kitty surprise

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Posted 03 October 2021 - 10:17 AM

Celebrities, athletes... meh.


I'd be more interested to know if there are poverty pimps and connected politicians hiding (our) money offshore.


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