Saturday, September 24, 2016

Is Canada a Tax Haven and is Halifax Part of its Offshore System?

Canada has historically not only given wealthy Canadians and companies the possibility to benefit from offshore regimes in the British Overseas Territories in the Caribbean via loopholes in its own jurisdiction, it has also actively shaped policies and laws in these Territories. Canadians such as a former Minister of Finance, a former Governor of the Bank of Canada, and an influential lawyer from the Conservative Party in Alberta all shaped the practices of Caribbean British dependencies in the 1960s by writing offshore laws and creating secret policies to foster tax havens. Inspired by their success, Canada has turned itself into a secrecy state, with the government of Nova Scotia playing an instrumental role in the transformation.

No comments:

Post a Comment