No information has been released so far in “The Panama Papers” from the International Consortium of Investigative Journalists with all its bells and whistles about any U.S. or Canadian millionaires, monopolies or government officials hiding wealth in offshore tax havens. The six Canadians of the 350 reportedly in the data dump who have been identified so far by the collaborating media in this country, the Toronto Star and the CBC, are small fish, e.g., a sports physician from Sault Ste. Marie, Ont.
What did you expect?
Canada is a corporate tax haven. It is no mystery. Continue reading
“The Panama Papers.” A banner headline in 72 point type screams in today’s Toronto Star, a two-article spread covering the entire front page.
Massive hype! Bullets prominently advertise: 376 journalists working for more than 100 media organizations in 25 languages! 11.5 million leaked documents! 2.6 terabytes of data! “Reveals details on rich, famous and powerful people who use offshore tax havens.” What is it all about? Continue reading
ON APRIL 26, the Nova Scotia NDP government passed its second budget since coming to power. The budget raises the province’s harmonized sales tax (HST) to 15 per cent – the highest in the country.
Nova Scotians will see the HST climb from 13 per cent to 15 per cent starting in July and all retired civil servants will have a cap put on cost of living adjustments to their pensions.