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An article published yesterday in the National Observer argues that the offshore tax haven crisis won’t get fixed, despite the now-public Panama Papers. Bruce Livesay, the article’s author, writes:
In Canada, Stats Canada documents how much corporate money flows to notorious offshore tax havens. In 1990, only $11-billion was being “invested” in offshore tax havens by Canadian corporations: today this sum is almost $200-billion a year and growing. Moreover, an estimated $8-billion is also lost annually through tax evasion, although this sum could be more than $20-billion. […]
But guess what, this is old hat. Alain Deneault, who teaches political science at the Université de Montréal and authored a recent book called Canada: A New Tax Haven, has documented how Canada’s big banks were critical players in creating offshore tax havens in the Caribbean going back to at least the 1920s. He explains how Canadian banks got into this racket by helping out American and European banks trying to move their assets around the world. “Canadians actually transformed these jurisdictions into tax havens in order to satisfy the financial industry that needed to funnel these euro dollars outside any kind of traditional jurisdiction to manage them out of law without any kind of constraint,” he told me last year when we spoke about this issue.
Pick up a copy of Canada, a New Tax Haven for a more in-depth history of how Canada has turned to tax havens in the past, and how it has more recently become one itself.
Livesay concludes that
the Canada Revenue Agency (CRA) is happy to chase after small Canadian businesses or middle class individuals dodging some taxes, but the CRA doesn’t have the stomach or resources to go after the really big players socking away vast sums offshore. … So if you want to know why nothing ever happens with eradicating offshore tax havens, simply look at who are the beneficiaries – and who’s afraid of taking them on.
From 1988 until the end of 2016, Salt-Water Moon was in print with its original yellow cover, which featured now-outdated type design and a production still from one of the original productions of this sweet play. Now, as the play experiences something of a revival, and as the book goes into its eighth printing, we are pleased to show off the newly redesigned cover of Salt-Water Moon.Tuesday September 26, 2017 in Meta-Talon
From Oral to Written is a study of Native literature published in Canada between 1980 and 2010, a catalogue of amazing books that sparked the embers of a dormant voice. Leading Aboriginal author Tomson Highway surveys the first wave of Native writers published in Canada, highlighting the most gifted authors and the best stories they have told, offering non-Native readers access to reconciliation and understanding, and at the same time engendering among Native readers pride in a stellar body of work. On Meta-Talon, read a selection from Highway’s prologue.Thursday August 10, 2017 in Meta-Talon
August 12 is Buy a Quebec Book Day – and have we got books for you! Browse our list of 12 august and recently published Quebec books – any of which we would, of course, recommend. Read the list, and then get out to your local bookstore this Saturday and show la belle province some literary love!Friday June 23, 2017 in Meta-Talon
The Gorge: Selected Writing by Nancy Shaw launched in April, 2017 at the Western Front in Vancouver. To launch Shaw’s book, published posthumously, editor Catriona Strang read from The Gorge, and then this video was played to a rapt audience. In the video, you’ll hear the voice of Nancy Shaw, reading poems from her book Cold Trip (2006; co-authored with Catriona Strang).
We gratefully acknowledge the financial support of the Canada Council for the Arts; the Government of Canada through the Canada Book Fund (CBF); and the Province of British Columbia through the British Columbia Arts Council for our publishing activities.