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.