On 07/16/2016 08:27 PM, D. Hugh Redelmeier via talk wrote:
My impression is that Canadian enforcement is way less effective than US enforcement.
An example being Nortel, where the execs cooked the books to make themselves look better and able to claim bonuses they're shouldn't have got. The CEO, John Roth, cashed in over $130M in stock options, just before the collapse.
| Of course, we can't forget that our own federal | government set up the mechanism that enabled the wealthy and large | corporations to hide money offshore and evade taxes on it.
To what mechanism are you referring?
There was an article in the Toronto Star a few weeks ago, that showed how the federal government allowed money to be moved to tax havens, with the claim that it would be taxed coming back. What really happened was that haven was merely a stepping stone to other areas that were not under the jurisdiction of countries Canada had arranged this deal with and thus the money disappeared from sight and the tax man. https://www.thestar.com/news/world/2016/06/18/canada-willingly-makes-tax-dea...