Read more: Massive leak pulls back the curtain on offshore tax havens — again Offshore trusts are perfectly legal. If that wealth were left in Canada, tax would have to be paid on its investment returns every year. The Kolber Trust The Kolber Trust was set up in February of 1991 in the Cayman Islands, physically located at post office box 887 in Grand Cayman. It may be a foreign trust on paper but for me it’s a Canadian trust.” Trust law is complicated. Kolber Trust protector Michael Vineberg, “welcomes” the final bill saying it is “widely supported” Israeli disclosure There was one more problem.

Source: thestar November 05, 2017 18:00 UTC