Tax havens vs. iPod taxes

Politics on TV: The three things you need to see

Here are the three things you should not have missed:

  1. Reactions to the story on offshore tax haven leaks
  2. Does the budget implement an iPod tax?
  3. John Baird on his trip to the Middle East

Offshore tax havens:

In the wake of the CBC’s major story on the leak of offshore tax haven information, Power & Politics spoke with Liberal Senator Percy Downe, who has been on the tax haven crusade for several years. Downe said that the CRA’s $4.6 billion figure of lost revenue is a low figure, and criticised their refusal to disclose what the tax gap in Canada is. Downe wondered how the government could identify what kinds of resources they need to fight offshore havens if they won’t identify the scope of the problem, and noted that of the 106 Canadians found to be hiding revenue in Lichtenstein six years ago, no charges were ever laid and the cases are considered closed. On Power Play, Don Martin spoke with the director of the International Consortium of Journalists, Gerard Ryle, about the leak that they received, to which Ryle replied that what surprised him the most was that the secretive world of tax havens was not the exclusive domain of the super-rich, but had plenty of doctors and dentists from every country in the world.

iPod tax:

With in the Internet burning up over the insinuation that the changes to the preferential tariffs in the budget would increase the cost of iPods – in essence, the iPod tax that the Conservatives castigated the NDPs for allegedly proposing (when it was about a levy for content producers), Power & Politics spoke with an MP panel of Michelle Rempel, Murray Rankin, and Marc Garneau to discuss it. Rankin pointed to the tariff increase, and wondered if the Conservatives were saying that tariffs are not taxes. Rempel responded by reiterating Flaherty’s statement that under General Tariff Agreement, devices that plug into a computer are exempt from tariffs – hence, no iPod tax. Garneau said that his party is poring over the documents, and are not 100 percent clear if this tariff will be imposed because it is difficult to interpret.

John Baird:

Power Play caught up with foreign affairs minister John Baird during his stop in Cyprus to talk about his tour of the Middle East. Baird said that he had been working with his counterpart in the UAE for the past two years to lift the visa requirement for Canadians, and said that they didn’t ask for quid pro quo on this move, even though the dispute began over landing rights for Emirates Air flights into Canada. Baird also mentioned his talks with Bahrain and Qatar with regards to Iran’s nuclear threat, and that he hopes to have important discussions on increasing security in the West Bank during his coming stop there.

Worth Noting:

  • NDP president Rebecca Blaikie said that the changes to the party constitution’s preamble is about better defining what the party stands for, and said that nobody understands what “socialism” means anymore.
  • Hannah Thibedeau noted that the CFIA scientists charged with attempting to transport the brucellosis pathogen were likely trying to get involved with commercializing the test they developed in Canada for the Chinese market, even though CFIA owned the patent.



Browse

Tax havens vs. iPod taxes

  1. Everything I have read from the CBC on this ‘offshore tax haven leak’ is full of innuendo, and short on facts.

    It is not illegal to earn income offshore, and keep it offshore.

    I also find the methods for acquiring the information very dubious. Stealing emails? I wonder about Canadians right to privacy.

    I am a cynic. I wonder if this CBC expose’ has more to do with their left leaning agenda than actually identifying a real news story.

    • Good thing we have you on the case then, MallContent.

    • it might be perfectly legal to stash your money off shore so it doesn’t get taxed but does that make it right? consider with the revenue losses from these guys.. honest citizens are paying extra to make up for it.

    • Actually you are wrong. If you earn money here and havent paid the appropriate taxes on it – and you send that money somewhere outside your country as to avoid paying those taxes – that is tax evasion. And tax evasion is a crime.

      There is nothing dubious about the information. The stats kept on people avoiding taxes at all costs in this country are plentiful. Enforcement is the issue at hand.

    • on all worldwide incomes YOU HAVE TO PAY TAX !!!!!!!in canada , no hiding your $$$$$$$$$$$$$$ i have rent income from germany and have to pay tax on the profit

  2. We are to believe that these journalists are such beacons of integrity
    Read the article carefully and notice how they skillfully manipulate words
    and images in order to strenuously convince their readers that every
    account is held by a criminal.
    Journalists always use the same ‘tricks’ regardless of their mission, and as we
    have learned from the past, journalists (all media in fact) are tainted with
    a high level of dishonest reporting.
    Is it possible they can’t conceive that most people with acoounts in some other
    country are subject to retention taxes as high or higher than 35%.
    Furthermore, the account is normally used to pay expenses in that country.
    In the business I used to work at, many of my colleagues had accounts
    in Israel because it made their visits to that country a lot easier.
    I nor anyone else considered them criminals.
    As far as the rest of us paying lower taxes if only the rich paid their fair share,
    please don’t delude yourself, that will never happen, you will pay reardless.

  3. How many former and possibly present Liberal Party of Canada members are among the 400 tax evaders named in that list?

    • Probably nothing close to Conservative Party members.

Your email address will not be published. Required fields are marked *