Tagged: McCallum

News Today 08-03-16

Today is International Women’s Day. I will let others do the talking on this subject.
Sophie Gregoire Trudeau on what women’s empowerment means to her.
Canada Celebrating Women
Canada’s stalled progress on gender pay gap: Women have ‘hit a brick wall’

Canada plans to welcome 300,000 newcomers this year: McCallum
“Immigration Minister John McCallum announced a “significant shift” in the federal government’s immigration policy, aimed at reuniting more families.”

Canada Revenue offered amnesty to wealthy KPMG clients in offshore tax ‘sham’
Federal authorities demanded secrecy in no-penalty, no-prosecution deal to high net worth Canadians.

Obviously, there is a law for the wealthy and a law for the common citizen.

I can understand Revenue Canada not wanting to prosecute. Prosecution would mean possibly years in litigation and a chance of losing their case. That said, a ‘no-penalty, no-prosecution deal’ amounts to a two tier system, one for the wealthy and one for the rest besides setting a precedent fror future tax evasion cases.

This present uncovered ‘tax sham’ involves at least 26 wealthy clients each investing a minimum of $5 million approx $130m total with the cover-up deal signed on May 1, 2015.

“This doesn’t pass the smell test,” Toronto tax lawyer Duane Milot said. “This is exactly the type of government behaviour that erodes the public’s confidence in the system, these type of secret deals. Everybody should be treated equally.”

The next questions:
1. Should KPMG, this large accounting firm with close ties to the federal government, not be prosecuted?
2. If prosecuted would their files showing the names of their clients involved have to be presented as evidence?
3. Should the names of those involved be published? After all defrauding Revenue Canada is an indictable offense.
4. Was this deal with KPMG clients made to protect officials working within the Government?