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shelters

Friday September 22, 2017

September 21, 2017 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday September 22, 2017

Bill Morneau, Justin Trudeau left untouched by proposed new tax rules

The proposed new small business tax changes do not impact family trusts or numbered companies, used by Canadian Finance Minister Bill Morneau and Prime Minister Justin Trudeau to shield their family’s vast fortunes.

April 6, 2016

Trudeau’s personal wealth, which was inherited from his father, is held in numbered corporations. And Morneau has money in a family trust and numbered corporations.

The NDP took direct aim at Morneau who argued that the Liberals are going after wealthy people who try to use small-business structures to avoid paying taxes, but would not respond to questions about his family businesses and why the new rules leave out the sheltering of funds for both Trudeau and himself.

April 5, 2016

Morneau is the beneficiary of a number of Canadian companies on one hand, and on the other states “we also want to make sure that we do not have a situation where some people that are, frankly, very well compensated, pay a lower tax rate than others,” said Trudeau. (Source: Global News) 


 

Framing Canadian tax reform: https://t.co/1pkIaAjt6f #cdnpoli #TaxFairness pic.twitter.com/MyWwihtqMX

— Graeme MacKay (@mackaycartoons) September 21, 2017

 

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Posted in: Canada Tagged: Aga Khan, banking, Bill Morneau, Canada, family trust, haven, Justin Trudeau, Liberal, middle class, off shore, shelters, sprinkling, tax, Tax Fairness, wealth

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This website contains satirical commentaries of current events going back several decades. Some readers may not share this sense of humour nor the opinions expressed by the artist. To understand editorial cartoons it is important to understand their effectiveness as a counterweight to power. It is presumed readers approach satire with a broad minded foundation and healthy knowledge of objective facts of the subjects depicted.

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