Quick Sunday Thought and Question

[Guest]

The other question is why does the government go soft on those wealthy Canadians who can hide from tax in tax havens? The Conservatives and the Liberals have both shown little interest in preventing and prosecuting the wealthy from sheltering their wealth in tax havens. KPMG was at the centre of this scandal as detailed in some of the following links from CBC and Huff post..

It doesn't seem to matter whether it is the Conservatives or the Liberals in power they both have strong connections to the rich and powerful in this country and won't prosecute tax evasion unless it is small potatoes and an easy target.

The current proposals for taxing small businesses were originally aimed at high income professionals who are using the advantage of small incorporated business to reduce taxes. I think there is merit to doing something about those problems.

Other less profitable and unique small businesses including farms are getting caught up in this broad approach. Fairness in the tax system is important.

http://www.cbc.ca/news/business/harper-government-partnered-with-industry-group-battling-cra-over-kpmg-case-1.3257994

http://www.cbc.ca/news/business/cabinet-ministers-met-publicly-with-kpmg-while-firm-s-tax-sham-under-cra-probe-1.3234876

http://www.huffingtonpost.ca/dennis-howlett/kpmg-tax-fraud-isle-of-man_b_15267920.html?utm_hp_ref=ca-kpmg

Exactly