MPs braced for battle with global accounting firm over naming wealthy Canadians behind offshore tax shelters - News Summed Up

MPs braced for battle with global accounting firm over naming wealthy Canadians behind offshore tax shelters


Politicians from all parties agreed early in May to open a long-dormant probe into Isle of Man tax shelters. Iacovelli's refusal to name the Canadians behind the Isle of Man shell companies KPMG set up drew sharp rebukes from MPs on the committee. Gibbons' boss, William Maycock, is also listed as the person who transferred funds out of three of the sword companies. In an email to CBC/Radio-Canada, KPMG Canada also said that when Iacovelli denied any association with the sword companies, she was referring only to KPMG Canada. KPMG Canada has declined to say whether the accounting firm provided Binnie with the corporate documents for Parrhesia when the retired judge conducted his 2017 review.


Source: CBC News May 19, 2021 16:29 UTC



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