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It is outrageous enough that wealthy clients got off with a slight reprimand. KPMG has, so far, paid no price for their role. The committee let Canadians down by not recommending a full investigation into this case and laying charges against KPMG if the evidence warrants it. And Canadians are right to keep demanding one.
After two days of interrogations, Mossack and Fonseca got cuffed.
According to recent media reports based on the Panama Papers, some see Canada as a tax haven. It may seem unlikely when you are reviewing how much tax you paid to the government in 2016 but evidently, our reputation and economy is a good venue for hiding wealth.
Criminal investigations are "ongoing," CRA says.
In regards to tax evasion and aggressive tax avoidance, the Canada Revenue Agency (CRA) should be part of the solution. At the moment, it rather seems to be part of the problem. Over the last few years, we have seen that the CRA institutionalized various practices, eroding the trust that Canadians place in it.
Johnny Chih-Chung Chang
Last April, the International Consortium of Investigative Journalists revealed the "Panama Papers" scandal, a database of 11.5 million documents leaked from the Panamanian law firm Mossack Fonseca. T...
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Twenty-first century "Canadian" corporate capitalism is quite the racket. Built with public subsidies, a Montréal firm can shift its "head office" to a tax haven and workforce abroad, but Ottawa will continue to use its diplomatic, economic and military might to advance the company's reactionary international interests.
Mossack Fonseca employee taken into custody in Switzerland.
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Royal Bank of Canada was there, too.
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The impact of not being honest and truthful from the beginning can be devastating to a company's reputation, and in some cases, their entire business. As a result, we've seen established organizations attempt to appease their customers by pre-emptively disclosing information that never would have been released in the past.
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Corruption breeds in the dark and withers under the glare of public scrutiny. As a result, we believe that the most powerful tools to combat corruption are publicly accessible registers of beneficial ownership of corporations. These registers ensure that the true owners of corporations are known to public institutions, media and citizens.
The 26-year-old isn't making headlines this week for her activism.
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Journalists and curious citizens are busily combing through a searchable database of names linked to the Panama Papers leak of offshore accounts. The International Consortium of Investigative Journali...
Royal Bank reportedly helped around 370 companies set up in offshore tax havens.