Canada: A New Tax Haven Canada: A New Tax Haven

Canada: A New Tax Haven

    • $24.99
    • $24.99

Publisher Description

In Canada: A New Tax Haven, Alain Deneault traces Canada’s relationship with Britain’s Caribbean colonies back through the last half of the twentieth century, arguing that the involvement of Canadian financiers in establishing and maintaining Caribbean tax havens has predisposed Canada to become a tax haven itself – a metamorphosis well under way.

Canada was linked to Caribbean nations long before they became tax havens. In the 1950s, an ex-governor of Canada’s central bank attempted to establish a low taxation regime in Jamaica. In the 1960s, the transformation of the Bahamas into a tax haven characterized by impenetrable banking secrecy was shaped by a minister of finance who sat on the Royal Bank of Canada’s board of directors. A Calgary lawyer and former Conservative Party heavyweight drew up the clauses that transformed the Cayman Islands into an opaque offshore jurisdiction. For years, Canadian politicians have debated annexing tax havens such as the Turks and Caicos Islands, making them part of Canadian territory. Canada has signed a free-trade agreement with Panama and is currently seeking a wider agreement with the countries of the Caribbean political community. And, notably, Canada currently shares its seat at the World Bank and the International Monetary Fund with a group of Caribbean tax havens.

These exercises in fostering fiscal and banking leniency have predisposed Canada to become one of the most attractive tax havens to foreign interests. Not only does Canada offer one of the lowest corporate tax rates in the world, but a number of loopholes encourage companies to relocate to Canada as if it were Barbados or Bermuda. Canada: A New Tax Haven is an attempt to analyze the situation and address its implications for Canadians.

Canada: A New Tax Haven is an attempt to analyze the situation and address its implications for Canadians.

GENRE
Business & Personal Finance
RELEASED
2015
December 18
LANGUAGE
EN
English
LENGTH
224
Pages
PUBLISHER
Talonbooks
SELLER
Perseus Books, LLC
SIZE
3.9
MB

More Books Like This

Imperial Canada Inc. Imperial Canada Inc.
2010
Relentless Change Relentless Change
2009
Merger Of The Century Merger Of The Century
2013
The Politics of Energy The Politics of Energy
2019
A History of Canadian Economic Thought A History of Canadian Economic Thought
1991
Formidable Heritage Formidable Heritage
2004

More Books by Alain Deneault & Catherine Browne

Mediocracy Mediocracy
2018
La médiocratie La médiocratie
2015
Offshore Offshore
2012
Mediocracia Mediocracia
2019
La mediocrazia La mediocrazia
2017
« Gouvernance » « Gouvernance »
2013