[Newsbot]

Title: Tax evasion: sophisticated scam revealed by CBC hidden camera
Category: Law & Order
Posted By: Regina
Date: 2013-10-01 06:24:40
Canadian

[DrCaleb]

What? CBC is liberal partisan hackery! It never breaks stories like corruption in the EPS, or Sentaors that engage in questionable spending or campaign financing, or offshore banking schemes!

[martin14]

My God, that scheme is primitive, they must be desperate.

I'm not even sure it would work. Obviously the person would want an account in their own name,
and that for North Americans is almost impossible these days.

No one will touch the Septic Yanks anymore, even Canadians would have a tough go.



This is something not far from Florentine banking days.

[QBall]

$1:

As part of the joint investigation with Enquete, the CBC’s French-language investigative program, CBC News hired a private investigator, who is also a restaurant and bar owner in Toronto, to test 15 different offshore service providers.

The investigator was given a story: over the years he had squirrelled away as much as a million dollars in cash that he hadn’t declared — and that he wanted to hide it offshore to avoid paying taxes.

Seriously? That's like going to 15 different bank robbers with a story of how you want to rob a bank and they all recommend robbing a bank. They're offshore service providers, do you really think their first loyalty is to the CRA?

[shockedcanadian]

I am sure the RCMP will start addressing the loss of billions out of the economy. Who wants to hold their breath while they get on it?

[BartSimpson]

What business people transact in other countries is the business of those countries. One of these days some Western taxocracy is going to badger or bully some little country over extorting tax money out of them and they're going to end up with a bunch of dead tax agents. Or a war.

But to imagine that we get to bully other countries into complying with OUR tax policies is wrong. Pure and simple.

[shockedcanadian]

Oh really? Seems America made the Swiss hand over the account information of their citizens that were trying to avoid paying taxes.

If people don't want to pay their fair share of taxes, they can do what the U.S offered their citizens...denounce your citizenship and don't come back. Some even took the U.S up on the offer. We should do the same if want to be taken seriously.

Of course, the RCMP have allowed certain organized criminals to operate in this country forever, even when other countries have informed them of the threat, so I don't think they will be sniffing out any such transaction anytime soon.

If I go to a bank and drop $10k into an account it generates multiple flags which the banks have to report, yet, some guy can pass millions across borders and this is acceptable?

Remember this is about tax evasion. If a guy has $10 million in his account and wires it to another account and it is his money, that's ok, as long as he paid his taxes appropriately.

[BartSimpson]

shockedcanadian shockedcanadian:

Oh really? Seems America made the Swiss hand over the account information of their citizens that were trying to avoid paying taxes.

Exactly my point.

[Lemmy]

Fuck the Swiss. The last Allied mission of WWII should have been to strip the dirty Swiss of every blood-soaked nickel that they laundered/misappropriated/squirreled for the Nazis.

[Xort]

BartSimpson BartSimpson:

What business people transact in other countries is the business of those countries.

I agree, but if you earn the money in Canada, then Canada gets a cut.

$1:

But to imagine that we get to bully other countries into complying with OUR tax policies is wrong. Pure and simple.

I would agree, but if the money in question is from Canada and was illegaly moved out of the nation then Canada does have a claim to it.

The good thing about it is that all of the powerful nations that matter (which oddly enough does include Canada), have an interest in collecting taxes.