Canada's Largest Tax Dodger? Run by Mark Carney

Give me a minute I'm gonna blow your mind this guy right here he just did the most incredible investigative work I think I've seen he got tipped off about this website which is the White House in there they notice Mark Kearney's name of Brookfield Law management that was related to the Panama Canal and then he came across this this is a report done just in 2023 called the center for international corporate accountability and research and they looked into Brookfield the company that Mark Harney was the chairman of in this whole report talks about how Brookfield might be the largest tax dodger in Canada watch this and it literally talks about exploiting loopholes in national and global tax system in this report goes into crazy and the report talks about the 48 companies they have incorporated in Bermuda in order to dodge taxes so he actually did a look up he went to the government of Bermuda website he typed in Brookfield and sure enough he found all 48 Brookfield strategic real estate partners like look at Them

These are all different entities with different registration dates and it talks about how Brookfield uses these tax Havens and it accuses them of being Canada's largest tax dodger now it says in Canada Brookfield asset management now Brookfield corporation has paid relatively little tax on very large profits 2017 report by Canadian for tax fair is outline how large Canadian corporations are able to use complex loopholes and corporate structures to reduce the effective tax rate in their home country

And he says a key method to avoid taxes it's to set up companies in tax Havens like Bermuda because dividends from foreign subsidies to Canadian parenting companies are tax free and this is where it gets good Brookfield estimated tax rate is around 5% over the last 15 years and it highlight a clear long-term structural problems which appear to be driven by aggressive global tax avoidance practices

According to their analysis they found that the gap was nearly over $6.5 billion with more than half of the total in most recent year this is the amount of what they are accusing them of tax avoidance and it clearly says a Brookfield has appeared to avoid billions and tax payments in Canada perhaps it's time for Canadian legislation to close tax loopholes in the CRA to conduct a more thorough investigation and this is the person that is going to be replacing Justin Trudeau he was in charge of Brookfield this whole entire time this is not getting enough attention nor the attention that it needs every Canadian needs to know about this

Unbelievable and meanwhile us we don't get to take advantage of the tax Havens we pay the 50% taxes we pay the carbon tax we pay the sales tax if you wanna buy a nice car boat you pay the luxury tax let's not forget the excise taxes that we have and now we have the terrace unbelievable