April 08, 2016

Panama Paper style tax evasion in Trudeau’s Liberal government? Ask Finance Minister Morneau

Brian LilleyArchive

Liberals want everyone to pay their fair share of taxes as we heard during the election when Justin Trudeau employed Occupy Wall Street language to claim the wealthy weren’t paying enough so taxes on high income earners had to go up.

But this is just more “do as I say, not as I do” Liberal hypocrisy.

Since the release of the Panama Papers showing people around the world have been setting up companies in Panama to avoid paying taxes, the left have been up in arms.

Much of what’s being talked about is fully legal but the left is outraged that someone could possibly do anything to lower their tax bill so Trudeau says he’ll work with other governments of the world to stop it.

I could discuss the fact that a good portion of the Trudeau family wealth has been held in trust funds for decades thus lowering the taxes paid but I won’t get into his finances.

Instead let’s turn to his Finance Minister Bill Morneau whose firm Morneau Shepell has several subsidiaries some might call tax shelters in tax havens as reported by Le Journal de Montreal. Morneau Shepell has wholly owned subsidiaries in the US state of Delaware and the Caribbean nation of Bahamas, both of which are well renowned tax havens.

I’m sure what Morneau Shepell is doing with subsidiaries in tax havens is legal, I guess.

We all have a right to put our personal or business affairs together to pay as little tax as possible. But the media and the Liberals continue to push this issue as if everyone involved is doing something wrong.

On Monday, Trudeau’s revenue minister will make an announcement about tax evasion.

If it’s because of what was revealed in the Panama Papers, then the Revenue Minister might want to first chat with Finance Minister Bill Morneau about the company that bears his name and has subsidiaries in the Bahamas and Delaware.

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commented 2016-04-11 14:10:06 -0400
GST hike increase is the low lying fruit and a no brainer. Just a couple key board entries, one little press scrum and she’s a done deal. Slick as shit through a goose. Liberals give and Liberals take more away. BOHICA!!
commented 2016-04-11 10:05:22 -0400
The inside info I get is that PM Zoolander will use this Panama papers Media circus as an excuse to raise the GST – Ontario and other provinces who are in the 13% -15% blended consumption tax bracket will be moved to near 20% by this – consumer spending is the last refuge of the shaky Canadian economy and the food retailers are experiencing a slow down due to carbon tax levies hidden in the supply chain – a 19-20% sales tax will collapse house sales and auto, appliance, home upgrade sales overnight – nowhere do we see the private sector employers offering 20% wage increases to keep pace with the tax man, meaning less usable take-home for the average worker – something our Laurentian elite PM has zero empathy with.
commented 2016-04-11 00:38:05 -0400
Liberals are just pure evil, liars, stealers and the liberal msm is covering for all of them. Traitors to all Canadians all of them. Shame on them for not saying anything. If this was Harper, the bastards msm would be spewing their garbage 24 hours a day. Hypocrites, and pure evil.
commented 2016-04-10 21:38:28 -0400
What makes this truly disgusting is how in their latest budget they gave the banks authority to take your money in their institutions while no doubt their money is safely hidden away somewhere far from grips of their own policies.
commented 2016-04-10 18:19:58 -0400
Pray tell why you wouldn’t expose trudeau’s tax avoidance plan if that did exist. Trudeau is the existential hypocrite of all time. Why does he get to have a trust fund? I want his trust fund confiscated and shared between all the homeless people. Or we could compromise and build a pipeline to a coast.
commented 2016-04-10 16:43:02 -0400
Oh….I would bet my last dollar that TruDOPE has money squirrelled away to avoid taxes and WHY won’t the Rebel get into HIS finances……get right on it…..expose him for the hypocrite he is. I believe people have the right to manage their own money but I do NOT believe they have the right to avoid paying their fair share of taxes…..no matter WHO they are. If I owe Revenue Canada $10…they will pursue me relentlessly till I pay it. I encourage the Rebel to dig deep and find out what TruDOPE is hiding.
commented 2016-04-10 14:28:46 -0400
let’s see their tax returns made public!
commented 2016-04-10 14:17:22 -0400
The Rebel has a responsibility to gather via freedom of information the exact figures respecting the number of Canadians who currently owe the CRA for back taxes as well as the number who simply fail to file. What is the total amount of money involved? This tax haven smokescreen seems to be detracting from an issue of equal importance, the fact that we are not,collecting all,that is owed.
commented 2016-04-10 12:21:02 -0400
Drew Wakariuk said: “Let us not forget about the KING OF THE TAX DODGERS, liberal Paul Martin. I wonder what exemption he will get when Justin comes down on this.”
Ah yes….Canada Steamship Lines registered in the Bahamas to avoid paying Canadian taxes and registry. Receiver over the years of “grants” and “subsidies” under Lieberal Gov’ts paid by taxpayers of course! Flip the “exemption” word around to an alternative meaning…..more taxpayer monies going to Liebranos! This is how they operate and the stupid voters in the east fell for it!
commented 2016-04-10 11:05:05 -0400
Drew Wakariuk yes I remember that as finance minister he closed loopholes to stop the tax evasion. Then he moved the Canada steamship lines to a different country to yet again avoid taxes. Real captain Canada he was trudeau is no different nor is the finance minister. Happy to take your money and tell you how to spend it, but there money is off limits.
commented 2016-04-10 11:01:42 -0400
is anyone really surprised him and trudeau use tax havens all the while forcing us to PAY OUR FAIR SHARE. The stink from the liberal gov is just beginning to smell bad, should not take to long now.
commented 2016-04-09 15:59:10 -0400
I am puzzled. What is a “fair share” of taxes? And who is in a position to determine that “fair share”? Once “high income earners” in Canada are forced to pay over 50% of their legally-earned salaries/wages at somewhere around $150,000 per annum, whereas, in the U.S.A., the same tax rate, depending on the state, sets in at approximately $500,000/yr., where is the “fairness”? Just a question.
commented 2016-04-09 13:53:03 -0400
What is Trudeau going to do when he cannot legally force people to pay their fair share of tax haven sheltered money? Easy as shit through a goose my sunny ways friends, he will jack up the GST or maybe start a national carbon tax, or try to seize the oil sands. The possibilities are endless and just the thought of it will have Trudeau drooling on his bib. The GST increase is the low lying fruit as all dumb dumb has to do is a few entries on the keyboard and its a done deal. The next time he needs more fun bucks to run the gong show will probably be time to whip out climate change and teach you car drivers a lesson.
commented 2016-04-09 02:38:40 -0400
Now this is a story the media party will never tell.
commented 2016-04-09 01:56:31 -0400
Frank, will you be back after they publish the names of the many Laurentian elites so you can dine on crow?
commented 2016-04-09 00:48:27 -0400
Frank Mann please enlighten us with the evidence of Harpers hidden agenda or the Rob Ford 911 call or the troop torture or robocalls or the Duffy garbage the left talked about so much.
commented 2016-04-09 00:21:50 -0400
This is Junior talking out of his butt again – HIS class (Laurentian elite) have washed profits in loser off shore zombie companies since before he was an embryo – he can’t do squat without damaging the party oligarchs.

Do something your speed Justin, go shopping for blow dryers and leave the policy to an adult.
commented 2016-04-08 23:25:40 -0400
This is a bunch of BS…. it’s like going to the US to buy gas…. but since the dollar went down and gas prices are much lower, there are far more people going to the us now just to buy gas. What lefties don’t seem to understand is that many tax-haven corporations are perfectly legal but of the portion that is not, high taxation is the root cause.
commented 2016-04-08 23:08:57 -0400
So far, no evidence put forward by this outfit to back this story.
Why is that?
commented 2016-04-08 20:33:05 -0400
Thanks BRIAN :
Panama papers is going to provide many juicy hipocryptyes
commented 2016-04-08 19:44:37 -0400
Let us not forget about the KING OF THE TAX DODGERS, liberal Paul Martin. I wonder what exemption he will get when Justin comes down on this.