Tuesday, April 16, 2013

Advice from the Fuller Brush Man to the Minister responsible for the Canada Revenue Agency on how to clean up offshore accounts!

"Ms Minister: You need to stop wasting your time p..s-balling around trying to get a subpoena from the courts against the CBC and/or International Consortium of Investigative Journalists for the names of those 450 plus Canadians with hidden offshore accounts.

Next buy a good old fashion Fuller toilette brush from me plus a 45-gallon drum of industrial strength CLR to give your Agency a good scrubbing.

Then set up an RCMP sting operation - no, no, no dummy not 'Mr Big' any criminal with half a brain is on to that one by now. Instead, register a fake offshore foreign exchange company called, Currency Revitalization Accountants no one will ever figure that one out  ..... eh? Two Canadian "businessmen" have already done it and made p..s pots full of money. Here's how that works.

Once CRA has been duly registered develop a fee structure for prospective Canadian offshore clients wishing to park money with you - "x" dollars to register an account,"y" dollars for use of your sham Board of Directors, "z" dollars for your company letterhead etc., etc., etc. Simply round up the first Tom, Dick or Harry that pass by your office's front door and offer them a mere pittance of what you're charging Canadian clients for your services and everything will look copasetic should the real CRA come calling.

Closer to home the Mounties have provided you with a couple business models. During late August 1994, they arrested 46 people in Operation Compote, a major sting in which undercover police officers set up a phony currency exchange counter where lawyers working for the mob came to launder more than $165 million in drug money.

Deja vu a couple years ago when Montreal RCMP did it again this time aimed at the province's biker gangs. The Mounties even rented an apartment next to one used by the bikers to count the money and bugged it. The automatic money counter could be heard humming along virtually 24/7 save for one time when it broke which really choked the bikers. Unsavoury individuals could be seen entering the apartment at virtually all hours of the day with bags and boxes.

So you see Minister you do have options beyond a subpoena for recovering mega p..s pots full of money that can be used to lower our taxes."

Your Fuller Brush Man

Ottawa threatens to use courts in bid to get CBC tax haven list

National Revenue Minister Gail Shea says tax evasion is illegal and the media has an obligation to provide her department with any information about suspected illegal activity

Tuesday, April 9, 2013
National Revenue Minister Gail Shea has asked the CBC for information naming people who have allegedly used offshore tax havens, but the network has refused, so now the department will go to the courts in a bid to get the list. (March 26, 20130 [Adrian Wyld/The Canadian Press)

HALIFAX—Ottawa will use the courts to try to get the Canadian Broadcasting Corporation to hand over leaked data naming people who have allegedly used offshore tax havens, National Revenue Minister Gail Shea said Tuesday.

Shea said she has asked the CBC for the information but it has refused, so now the department will pursue legal means in a bid to get the list.

“We will pursue any legal options that we do have to obtain the list and we are working with the United States and our other international partners to do so,” she said in an interview.

Shea said tax evasion is illegal and the media has an obligation to provide the department with any information about suspected illegal activity, which she said the CBC’s stories suggest is a possibility.

Asked what specific laws apply, Shea said that will be left to the department’s legal experts.

The CBC is the sole Canadian member of the Washington-based International Consortium of Investigative Journalists, which has refused to give Ottawa a list that it says includes 450 Canadians.

CBC spokesman Chuck Thompson said the public broadcaster cannot divulge its sources or the data, and it will defend itself in court if necessary.

“Like the other members of the ICIJ, our responsibility is to tell the story,” Thompson said in an interview. “As a journalistic organization and as a matter of journalistic principle, CBC doesn’t reveal sources nor any related background information.”

Detailed financial information of several thousand individuals from around the world was leaked to the consortium, which shared it with other media outlets.

Finance Minister Jim Flaherty has promised to crack down on tax cheats. His recent budget included a program to stop international tax evasion by offering financial rewards for tips to the Canada Revenue Agency if an investigation bears fruit.

Flaherty said the goal is to bring in hundreds of millions of new tax dollars.

Canadians are already required by law to report any offshore holdings worth more than $100,000 to the Canada Revenue Agency.


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