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Tuesday November 7, 2017

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday November 7, 2017

Paradise Papers Are Another Hit to Justin Trudeau’s ‘Middle Class’ Agenda

There is a storm blowing in from Paradise. Documents leaked to the International Consortium of Investigative Journalists reaffirmed what most of us already at least suspected: that the wealthiest among us have an elaborate shadow network of financial infrastructure in offshore tax havens to skimp taxes in their home countries. In short, rich people are playing by different rules.

September 22, 2017

The Paradise Papers are noteworthy for two reasons. The first is the magnitude. The leaked documents come from offshore tax firm Appleby, corporate service providers Estera and Asiaciti Trust, and business registries of 19 tax jurisdictions. They concern about $10 trillion (USD) overall, which is quite a lot of money considering that total gross world production for 2014 was about $78 trillion. We are talking about the global high rollers table here.

The second is that they meet CanCon requirements. Over 3,000 Canadians were named in the leaks, and some of them have connections to the commanding heights of the House of Commons. Even our beloved head of state Elizabeth II was named in the papers. Her Majesty’s estate has millions of pounds tied up in a rent-to-buy retailer accused of preying on the poor, which is a shock because the hyperexploitation of unlanded labourers is not something you associate with a feudal monarch.

April 6, 2016

The real meat of the report is how many of our former prime ministers are enmeshed in the financial heart of darkness. Leaked memos reveal Paul Martin’s former company Canada Steamship Lines is one of Appleby’s biggest clients, and Jean Chretien is listed as the owner of 100,000 stock options in an East African oil company ever having a bank account outside of Canada, and says he doesn’t know about the stock options.) And lest anyone suggest this was a Liberal family affair, it turns out that Brian Mulroney sat on the board of the company that facilitated the largest arms deal in British history to Saudi Arabia.

Juicier still than the has-beens on the list is the revelation that Liberal fundraising bigwig Stephen Bronfman has not only amassed nearly $60 million in a shadowy offshore tax haven, and that the law firm representing Bronfman had been instrumental in lobbying the Canadian government against cracking down on overseas tax evasion. Coming on the heels of two months of a taxation trainwreck—and a grueling few weeks exposing just how comfortable Justin Trudeau is with plutocracy—this is not a good look for the prime minister. Again, we reiterate: the optics certainly make it look like the extremely rich people around the federal cabinet table don’t actually have the best interests of the “middle class” at heart. (Source: Vice) 

 

Wednesday April 6, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Wednesday April 6, 2016 Panama Papers: Document leak exposes global corruption, secrets of the rich The financial secrets of heads of state, athletes, billionaires and drug lords have been exposed in the latest Ñ and biggest ever Ñ leak of records from an offshore tax haven. The leak includes 11.5 million confidential documents shedding light on the assets and murky fiscal dealings of everyone from the prime ministers of Iceland and Pakistan to soccer player Leo Messi, movie star Jackie Chan and associates of Russian President Vladimir Putin. The records, dating as far back as 1977, come from a little-known but highly influential Panama-based law firm called Mossack Fonseca, which has 500 staff working in 40-plus countries. The firm is one of the world's top creators of shell companies Ñ corporate structures that can be used to hide ownership of assets. German newspaper SŸddeutsche Zeitung obtained the files from a source and shared them with global media partners, including CBC News and the Toronto Star, through the Washington-based International Consortium of Investigative Journalists. CBC News will be exploring more of what's in the documents, including Canadian connections, in a series of stories this week. "These findings show how deeply ingrained harmful practices and criminality are in the offshore world," said Gabriel Zucman, an economist at the University of California at Berkeley and author of The Hidden Wealth of Nations: The Scourge of Tax Havens. Zucman, who was briefed on the media partners' investigation, said the release of the leaked documents should prompt governments to seek "concrete sanctions" against jurisdictions and institutions that peddle offshore secrecy. While offshore accounts are not in themselves illegal, the leaked records show they are often used to shield illicit dealings. In a written response to questions from the media consortium, Mossack Fonseca said it "do

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday April 6, 2016

Panama Papers: Document leak exposes global corruption, secrets of the rich

The financial secrets of heads of state, athletes, billionaires and drug lords have been exposed in the latest — and biggest ever — leak of records from an offshore tax haven.

The leak includes 11.5 million confidential documents shedding light on the assets and murky fiscal dealings of everyone from the prime ministers of Iceland and Pakistan to soccer player Leo Messi, movie star Jackie Chan and associates of Russian President Vladimir Putin.

The records, dating as far back as 1977, come from a little-known but highly influential Panama-based law firm called Mossack Fonseca, which has 500 staff working in 40-plus countries. The firm is one of the world’s top creators of shell companies — corporate structures that can be used to hide ownership of assets.

German newspaper Süddeutsche Zeitung obtained the files from a source and shared them with global media partners, including CBC News and the Toronto Star, through the Washington-based International Consortium of Investigative Journalists.

CBC News will be exploring more of what’s in the documents, including Canadian connections, in a series of stories this week.

“These findings show how deeply ingrained harmful practices and criminality are in the offshore world,” said Gabriel Zucman, an economist at the University of California at Berkeley and author of The Hidden Wealth of Nations: The Scourge of Tax Havens.

Zucman, who was briefed on the media partners’ investigation, said the release of the leaked documents should prompt governments to seek “concrete sanctions” against jurisdictions and institutions that peddle offshore secrecy.

While offshore accounts are not in themselves illegal, the leaked records show they are often used to shield illicit dealings.

In a written response to questions from the media consortium, Mossack Fonseca said it “does not foster or promote illegal acts.”

“Your allegations that we provide shareholders with structures supposedly designed to hide the identity of the real owners are completely unsupported and false,” the firm said. (Source: CBC News)

 

Tuesday April 5, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Tuesday April 5, 2016 Kill it, spin it Ð Putin will do anything to stifle the Panama Papers story The Panama Papers are a wake-up call for anyone who may have doubted how deeply cronyism and corruption are rooted into RussiaÕs leadership. But for those who have followed the inner workings of PutinÕs presidency for the past 16 years or so, they are as much confirmation as revelation. What will be truly fascinating is watching how this new mass of information is dealt with by the Putin regime over time, and how this might affect an already tense relationship between the Kremlin and the west. The first time a large amount of information was leaked about RussiaÕs power system was in 2010, when a trove of US diplomatic cables obtained by WikiLeaks described a Òvirtual mafia stateÓ and a system in which the Russian president allegedly used proxies to hide Òillicit wealthÓ. These documents were damaging enough, detailing a kleptocratic authoritarian system where Russian officials, oligarchs and organised crime came together to amass large fortunes. At the time, the Kremlin dismissed this as Ònothing interesting or worthy of commentÓ. One key difference today is that the Panama Papers have emerged at a time when relations between Russia and the west are at an all-time low. When the WikiLeaks documents were published, the US and Russia were still officially in a ÒresetÓ phase, with pledges of cooperation on issues ranging from Afghanistan to nuclear disarmament. But since then, itÕs all been downhill. The Russian government spoke earlier this year of a Ònew cold warÓ. Russian strategic bomber planes have flown over parts of Europe. Nato and the US are deploying new forces in the east of the continent. RussiaÕs annexation of Crimea and the war in Ukraine have led to western sanctions. Along with low oil prices, this has put RussiaÕs economy under severe strain Ð with many analysts wondering whether that might

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday April 5, 2016

Kill it, spin it – Putin will do anything to stifle the Panama Papers story

The Panama Papers are a wake-up call for anyone who may have doubted how deeply cronyism and corruption are rooted into Russia’s leadership. But for those who have followed the inner workings of Putin’s presidency for the past 16 years or so, they are as much confirmation as revelation.

What will be truly fascinating is watching how this new mass of information is dealt with by the Putin regime over time, and how this might affect an already tense relationship between the Kremlin and the west.

The first time a large amount of information was leaked about Russia’s power system was in 2010, when a trove of US diplomatic cables obtained by WikiLeaks described a “virtual mafia state” and a system in which the Russian president allegedly used proxies to hide “illicit wealth”. These documents were damaging enough, detailing a kleptocratic authoritarian system where Russian officials, oligarchs and organised crime came together to amass large fortunes. At the time, the Kremlin dismissed this as “nothing interesting or worthy of comment”.

One key difference today is that the Panama Papers have emerged at a time when relations between Russia and the west are at an all-time low. When the WikiLeaks documents were published, the US and Russia were still officially in a “reset” phase, with pledges of cooperation on issues ranging from Afghanistan to nuclear disarmament. But since then, it’s all been downhill. The Russian government spoke earlier this year of a “new cold war”. Russian strategic bomber planes have flown over parts of Europe. Nato and the US are deploying new forces in the east of the continent. Russia’s annexation of Crimea and the war in Ukraine have led to western sanctions.

Along with low oil prices, this has put Russia’s economy under severe strain – with many analysts wondering whether that might lead to more aggressive ultra-nationalism in Moscow. Arguably, one key turning point, in this deterioration of relations with the west, came when the Russian regime accused Washington of stoking street demonstrations against the regime in 2011-12. (Continued: The Guardian)

 

Posted to Le Vif, L’express, Brussels, Belgium

Wednesday December 2, 2015

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Wednesday December 3, 2015 Trudeau children's nannies being paid for by taxpayers Canadian taxpayers are paying the wages of two nannies hired to care for the children of Prime Minister Justin Trudeau and his wife, Sophie GrŽgoire-Trudeau, according to cabinet orders posted online. The hirings were approved late last week, with cabinet authorizing the appointment of the two women under the Official Residences Act as "special assistants at the prime minister's residence." They will be paid between $15 and $20 an hour during the day and $11 to $13 an hour for night shifts effective Nov. 4 Ñ the day Trudeau and his cabinet were sworn in. The disclosure comes after an election campaign where Trudeau repeatedly attacked the Conservatives' enhanced universal child care benefit, or UCCB, and income splitting for families, arguing rich families like his and former prime minister Stephen Harper's didn't need taxpayers' help. "In these times, Mr. Harper's top priority is to give wealthy families like his and mine $2,000," Trudeau said in reference to the Conservatives' income-splitting tax credit. "Let me tell you something: We don't need it. And Canada can't afford it." Trudeau is also entitled to collect annual UCCB payments of about $3,400 for his three children. He promised to give the money to charity. One of the women hired was with the Trudeaus this past week on the prime minister's foreign trip that wrapped up Monday at the UN climate change conference in Paris. She posted photos online of the couple's two children who came on the trip. There were also shots of her with the Trudeaus' youngest child on Facebook visiting museums and at the hotel where they stayed in Paris. The prime minister's director of communications, Kate Purchase, said in an email that the two women who have been hired are doing more than childcare. "Like all families of prime ministers, a small number of staff provide assi

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator – Wednesday December 2, 2015

Trudeau children’s nannies being paid for by taxpayers

Canadian taxpayers are paying the wages of two nannies hired to care for the children of Prime Minister Justin Trudeau and his wife, Sophie Grégoire-Trudeau, according to cabinet orders posted online.

Editorial Cartoon by Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Friday January 12, 2007 Is Justin Trudeau set to run as MP? Justin Trudeau is about to enter federal politicsÑwell, according to everyone but him, that is. While the 35-year-old school teacher and academic is remaining coy about his intentions, a report published in MontrŽalÕs French-language daily La Presse on Tue, Jan 9, claims that the eldest son of former Prime Minister Pierre Elliot Trudeau is planning on running as a Liberal candidate in the next federal election in Outremont, a riding located in the centre of the Island of MontrŽal that is home to wealthy Francophone families and a sizeable Jewish community. Outremont is considered to be an extremely ÒsafeÓ riding for the partyÑsince its creation in 1933, the Liberals have failed to win the seat only once, in 1988Ñand the areaÕs current MP, former Transport Minister Jean Lapierre, has indicated that he does not plan to run in the next election. Despite his denials and deflections (ÒI have no comment to make at this time,Ó Trudeau wrote in an email to the MontrŽal Gazette), the increasing likelihood of TrudeauÕs entrance into the House of Commons has set political pundits and journalists abuzz. A recent article in MacleanÕs magazine headlined ÒHis SecretÕs OutÓ claims that Trudeau hinted in an interview that he would make an announcement regarding his future in politics sometime after Christmas, while a close friend of the supposed star candidate reportedly told the magazine ÒOff the record, I think heÕs pretty much there.Ó (Source: Vue) editorial cartoon, 2007, Justin Trudeau, Pierre Trudeau, Colm Feore, politics, Outremont, trudeau

Friday January 12, 2007

The hirings were approved late last week, with cabinet authorizing the appointment of the two women under the Official Residences Act as “special assistants at the prime minister’s residence.”

They will be paid between $15 and $20 an hour during the day and $11 to $13 an hour for night shifts effective Nov. 4 — the day Trudeau and his cabinet were sworn in.

The disclosure comes after an election campaign where Trudeau repeatedly attacked the Conservatives’ enhanced universal child care benefit, or UCCB, and income splitting for families, arguing rich families like his and former prime minister Stephen Harper’s didn’t need taxpayers’ help.

“In these times, Mr. Harper’s top priority is to give wealthy families like his and mine $2,000,” Trudeau said in reference to the Conservatives’ income-splitting tax credit. “Let me tell you something: We don’t need it. And Canada can’t afford it.”

Trudeau is also entitled to collect annual UCCB payments of about $3,400 for his three children.

He promised to give the money to charity.

April 25, 2012

One of the women hired was with the Trudeaus this past week on the prime minister’s foreign trip that wrapped up Monday at the UN climate change conference in Paris. She posted photos online of the couple’s two children who came on the trip.

There were also shots of her with the Trudeaus’ youngest child on Facebook visiting museums and at the hotel where they stayed in Paris.

The prime minister’s director of communications, Kate Purchase, said in an email that the two women who have been hired are doing more than childcare.

“Like all families of prime ministers, a small number of staff provide assistance. Given the nature of the prime minister’s responsibilities and his young family, the Trudeaus employ two household employees who, in addition to performing other duties around the house, act as secondary caregivers to the three children,” Purchase said. (Source: CBC News)

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Regina Leader-Post, December 3, 2015

Regina Leader-Post, December 3, 2015