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House Hansard - 93

44th Parl. 1st Sess.
June 21, 2022 10:00AM
Context: House Hansard - 93 - Jun/21/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Jun/21/22 2:48:23 p.m.
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Mr. Speaker, KPMG literally counselled the wealthiest Canadians to use offshore tax havens. It told Canadians to put their money and their assets into the Isle of Man tax-free haven and that it would help them recover them, tax-free. It sounds pretty shady to me. It also sounded shady to the CRA, so it launched a criminal investigation, which found that there was no wrongdoing, which clearly means that we need to change the laws. When will the government finally change the laws to make sure that the wealthiest Canadians are not able to use offshore tax havens and avoid paying their fair share and actually contributing fairly like the rest of Canadians do?
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Context: House Hansard - 93 - Jun/21/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Jun/21/22 2:49:46 p.m.
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Mr. Speaker, KPMG did in fact counsel the wealthiest Canadians to use tax loopholes. That is unacceptable. The government has the power to repeal the laws that allow this. Will the government at long last amend the legislation to make the ultrarich pay their fair share like everyone else?
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Context: House Hansard - 93 - Jun/21/22
Mr. Jean-Denis Garon (Mirabel, BQ)
  • Jun/21/22 2:58:03 p.m.
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Mr. Speaker, if someone owes the Canada Revenue Agency $20, the CRA will hunt them down to the ends of the earth, but not so for companies like KPMG, which helps millionaires hide their income in the Isle of Man tax haven. Today we learned that KPMG has been cleared by the Canada Revenue Agency. In contrast, in 2005, the United States fined KPMG for the same financial arrangement and filed criminal charges against nine of its executives. In Canada, it did not get so much as a slap on the wrist. Why is the minister giving a free pass to executives and companies that promote the use of tax havens?
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Context: House Hansard - 93 - Jun/21/22
Mr. Jean-Denis Garon (Mirabel, BQ)
  • Jun/21/22 2:59:08 p.m.
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Mr. Speaker, in 2017, when the minister was asked if charges would be brought against KPMG, she said: “Yes, because setting up schemes is criminal too.” Today, the Canada Revenue Agency is letting them slip through the net. After clearing the fraudsters, the minister is clearing KPMG. It is unacceptable. Under the law, the minister can order a new investigation and require a third party to direct this investigation to get to the bottom of the matter. Will she personally order this investigation, or does she plan to accept the tax avoidance scheme orchestrated by KPMG?
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