Finance committee relaunches probe into offshore tax evasion with questions over Isle of Man fraud A managing partner at KPMG told the committee that allegations the company was involved with Isle of Man sword companies and CINAR fraud are false
Author of the article: Jesse Snyder
Publishing date: May 06, 2021 • 18 hours ago • 4 minute read • Douglas Harbour on the Isle of Man. A 2019 report estimates that the Canadian government is missing out on as much as $25 billion a year in revenues due to an inability to crack down on overseas tax havens. Photo by Getty Images
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OTTAWA A Parliamentary committee on Thursday launched an investigation into how Canada can better defend against offshore tax evasion, with some MPs pressing for details around a high-profile financial fraud in the mid-2000s that robbed many Canadians of their life savings.
iPolitics AM: MPs to debate looming pipeline-shutdown order By Kady O Malley. Published on May 6, 2021 6:01am Enbridge s offices in Calgary (Mack Male via Flickr)
For the second time in two days, MPs are set to hold a special afterhours sitting to discuss an issue of critical concern to Alberta: namely the potentially imminent shutdown of Enbridge’s Line 5 pipeline, which is facing a May 12 deadline to pull the plug on its Michigan leg, courtesy of an order from state governor
Gretchen Whitmer.
As per a request from
Conservative MP Blake Richards, the emergency debate is slated to get underway after regular House proceedings wrap up, and will continue until midnight, or no further MPs rise to speak, whichever comes first.
iPolitics By Susan Côté-Freeman. Published on Apr 29, 2021 5:14pm While people of all genders, ages, and races may encounter corruption, it hits poor and vulnerable groups the hardest, and women are often among them. (Shutterstock)
In early April, the Globe and Mail’s Report on Business magazine published its second benchmark report on female leadership, “Women Lead Here.” The report offered a more positive counterpoint to earlier reporting by the Globe in its “Power Gap” series, which exposed the lack of gender equity throughout the Canadian public and private sectors. In a nutshell, the series confirmed that women continue to be “outnumbered, outranked, and out-earned” in most Canadian institutions.
Federal pledge to publicly disclose who owns some private companies catches provinces off-guard
Ottawa says it s taking aim at financial crime with its pledge in last week s budget to create a publicly accessible database of the true owners of private companies. But experts say the change will be toothless without the support of the provinces and territories.
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Ex-BC Premier Christy Clark Denies Delay in Taking Action to Combat Money Laundering
Clark tells the Cullen Commission she was unaware of a money laundering spike in casinos before 2015
Former B.C. Liberal premier Christy Clark, one of the high-profile witnesses to appear before the Cullen Commission this week, denied in her testimony that there were substantial delays in acting to investigate money laundering in the province when she was premier.
During Clark’s time as premier, from 2011 to 2017, there was a significant rise in suspicious casino transactions allegedly linked to transnational organized crime.
“We recognized it was a serious problem in the province. We were taking action to deal with it,” Clark said at the hearing on April 20.