KPMG acknowledges it set up a tax avoidance and asset protection "structure" in the Isle of Man for wealthy Canadians beginning in the late 1990s. Tax law professor André Lareau says MPs should be seeking the names of Canadians behind offshore tax shelters. Call in the accountants, says LareauMPs from all parties voted last week to resume committee hearings this afternoon into offshore tax shelters, including those in the Isle of Man. Dennis Howlett: 'It's not right that people can hide behind shell companies.' Liberal MP Wayne Easter chaired the Commons committee hearings on offshore companies registered in the Isle of Man.

Source: CBC News May 06, 2021 07:52 UTC