…thanks to, amongst others, Dr. Dawg, who beat me to the punch writing about the doings and skullduggery over at CRA with regard to KPMG and its Isle of Man Easter Egg Hiding Scheme. I recall reading some about this a couple of years back when it came to light that KPMG was fighting to keep docs away from CRA’s eyeballs and thinking, in a most un-justiceable sort of a way, something to the effect of there being fire in the proximity of smoke, and lo! the taxmen stumbled onto an inferno. Nice, but they agreed to let the arsonists off easy and throw a blanket of ND silence over the whole thing, so I get to bleat about being one of the fleeced rather than one of the shearers, along with the rest of the chatterers. The thing is, does anyone believe that the Isle of Man is the only haven for refugee tax-free cash? Is KPMG the only wayward “accounting” firm (shares of Arthur Andersen, aka Accenture, perhaps a good place to scout, were CRA to be interested). Are the KPMG clients the only miscreants looking to avoid paying for the lavish lifestyle lived by the DTES crowd or all those oil patch layoffs going home to the various bailiwicks of unemployment and precarity? Interestingly enough, I saw a report on France 2 a week or so ago where the French Ministry of Finance and shepherded 21 billion euros worth of UBS client money back into compliance from illegal offshore (Swiss have a loose definition of “shore”) in the last year, and they expect to do about that much business in the coming year as they engage with some of the big tech companies who have been profiting handsomely from some loopholes that turned out to me more loop than hole.
By all means, people can be forgiven for not paying Canadian taxes, as long as they don’t live in Canada or do business in Canada. Anyone who lives and/or works in Canada, anyone who benefits from Canada should pay a fair proportion of the cost. All those involved at KPMG should be rewarded with a long stay in the GrayBar Hotel, and the wayward clients, having knowingly participated in the export of cash, should bring it back, pay the interest and penalties in full, and a premium for the research and court costs, upon conviction, of course.