Case KPMG: The criminal investigation ends in secret

The current status of the case remains uncertain. L’BOW declined to comment, as did federal prosecutors from the Canadian Attorney’s Office, who we know have been following the case closely for several years.

KPMG also did not respond to requests for comment from Radio-Canada.

According to a series of reports published by Radio-Canada and CBC Since 2015, KPMG has instituted a process whereby wealthy Canadians transfer assets to a tax haven and then get the funds back tax-free. L’BOW had come to the conclusion that this process had been created for this purpose in 1999 To deceive Tax office.

Minister Lebouthillier is now silent on the file

In 2017, Treasury Secretary Diane Lebouthillier promised to get to the bottom of the file and possibly make the results of the investigation public.

We will go all the way and we will catch themShe had created Diane Lebouthillier, who walked the show 24|60 in March 2017. When everything comes out publicly, it becomes easier.

He had confirmed that criminal investigations were underway not only against the investors but also against the auditing company.

We’ll sum it up like this: “Cheaters – even KPMG at the limit – could be charged?” »

A quote from Anne-Marie Dussault, moderator of the program 24|60 [Extrait d’une entrevue de mars 2017]

As a matter of fact. Because the people who set up systems are criminals too. »

A quote from Diane Lebouthillier, Secretary of State for National Revenue [Extrait d’une entrevue de mars 2017]

However, in a recent interview, Minister Lebouthillier said she must comply with confidentiality obligations enshrined in Canada’s Income Tax Act.

On a legal level, on a Canadian tax authority level, I can’t speak of a specific caseshe said in an interview last Friday.

Diane Lebouthillier says nobody in the country would want the Minister for National Revenue Obtain confidential information.

Not to mention specific cases, she added that as part of a criminal investigation, theBOW works with the Attorney General.

The agency investigates all kinds of files, it’s really their job to investigate files that they think would lead to people not respecting the rules, not following themShe explains. When the folders are mounted, [les enquêteurs de l’Agence] will work with the Department of Justice to determine whether or not these files can be taken to court.

the list

Radio Canada and CBC revealed in a series of reports over the years that KPMG, one of Canada’s largest accounting firms, had set up a scheme to help multi-millionaires hide their wealth on the island Man.

The accounting firm promised the accumulation of wealth and investments tax-free and confidential. According to an internal document, the target clientele had to have at least $10 million to invest abroad.

Investors could pretend to give their assets to a shell company on the island Mana tax haven between England and Ireland Donate tax free.

According to Radio-Canada, the Canada Revenue Agency made a highly confidential offer to KPMG’s clients in 2015.

This offer enabled KPMG’s clients to avoid litigation by providing identification to the agency. Customers would only have to pay the taxes due and benefit from a reduced interest rate, with no penalties or legal action.

In 2016, a senior KPMG executive, Gregory Wiebehad testified before a parliamentary committee about what he was describing tax plan. This investment strategy had been externally verified and corresponded to the measures and standards applicable at the time, he said.

However, he acknowledged that the system could undermine Canadians’ confidence in the existing tax system.

2006. Nous textions au volant jusqu’à il y a deux ans. Les temps changent, et nous changeons avec eux. Mais si j’examine la question sous cet angle, je ne peux défendre nos agissements”,”text”:”L’époque était très différente. Nous fumions au restaurant en2006. Nous textions au volant jusqu’à il y a deux ans. Les temps changent, et nous changeons avec eux. Mais si j’examine la question sous cet angle, je ne peux défendre nos agissements”}}”>Times were very different. We smoked in restaurants in 2006. Up until two years ago we texted and drove. Times change and we change with them. But if I see it that way, I cannot defend our actions.testifies Gregory Wiebe.

In 2016, a high official at theBOW informed MEPs that the investigation into this file would continue, without however saying whether it was of a criminal nature or not.

Our work in this regard is far from over.had claimed Ted Gallivan.

With information from Frédéric Zalac and Harvey Cashore

Leave a Comment