Action4Canada


Cayman Island Carney


Episode Stats


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Where exactly is the money that Mark Carney invested in? What is it he's got in the Cayman Islands? And why is it so important that he hide it from the Canadian Revenue Agency (CRA) and other tax collectors?

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 where exactly is the money that Carney invested in? So when he was with Brookfield Management,
00:00:06.640 you had them opening up several, several investment funds in, right, of course, you guessed it,
00:00:12.760 the Cayman Islands, right, this tax haven, this tax shelter, you had a catalytic transition fund,
00:00:19.000 for example, set up there worth about 2.4 billions, lots of money, look, lots of tax
00:00:24.600 neutral status homes opened, and so on and so on. So as to obviously hide a lot of investment from
00:00:32.100 CRA, from tax collecting, from the prying eyes of whatever institution it might be.
00:00:38.840 But here you have Carney preaching how we all have to pay our fair share, we all have to help
00:00:43.220 support Canada, we all have to make sure we're doing what's right for the nation. Then on the
00:00:47.820 other hand, you have him being totally fine with moving money all over the place, so as to shield
00:00:53.620 it from taxes and shield it from prying eyes and so on.