Wealthy Canadians exposed in KPMG offshore tax 'sham' | CBC
'In its internal marketing pitches, KPMG solicited Canadians with a 'minimum' of $5 million to invest in an 'Offshore Company Structure,' charging clients $100,000 simply to start it up. KPMG also guaranteed confidentiality.'
“Shell companies are paper structures set up with no real employees, often located in offshore tax havens like the Isle of Man. They frequently use local “nominee” directors that obscure the true identity of real owners.” Full story here.
Also see: McDonnell: Labour would force rich to make their taxes public | The Guardian
The NDP would be wise to adopt a similar policy.