Using hidden cameras, the public broadcaster, CBC has uncovered offshore scams to hide money from the tax man. One of the schemes discussed by a Canadian-Swiss banker was a way to hide undeclared cash in Switzerland using a method that, a panel of experts consulted by CBC News, said is virtually “untraceable.”
More than half of the offshore bankers, lawyers and accountants consulted for the report provided advice on hiding money from Canadian tax authorities using methods the panel said would not stand up to scrutiny.
Today’s report is the first of an on-going series on offshore tax evasion.
For reasons beyond our control, and for an undetermined period of time, our comment section is now closed. However, our social networks remain open to your contributions.