Feigenbaum Law

British Virgin Islands

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Corporate Tax Planning

CRA Investigates First Canadian Mentioned in the Panama Papers

A Calgary businessman who is alleged to have evaded tax on more than $2.7 million in payments that were routed through the Cayman Islands is reportedly the first Canadian known to part of the Canada Revenue Agency’s (CRA) criminal investigations into the Panama Papers.  While Revenue Minister Diane Lebouthillier has noted that the CRA has been conducting criminal investigations based on the Panama Papers leak, this is the first time that a… Read More

Tax haven

Corporate Tax Planning

New Legislation Requires Increased Transparency from Offshore Tax Havens

Last week, Britain’s House of Commons passed unprecedented legislation that will require owners of companies registered in Bermuda, the Cayman Islands, and the British Virgin Islands (BVI’s) to identify themselves in public databases. These jurisdictions have long been offshore tax havens where shell companies have sheltered money. That is now set to change with the new laws designed to “stem the global flow of ‘dirty money’”. A History of… Read More