Tuesday, October 17, 2017

KPMG insiders warned offshore tax scheme could violate Canadian law

Concerns about violating Canadian tax law appear in a series of confidential emails and reports inside one of the country’s biggest accounting firms as it began marketing an offshore tax dodge on the Isle of Man to Canadian multimillionaires, promising they would pay no tax and offering confidentiality, new internal documents reveal....

Centerra Gold managers can’t leave as Zyrgyz launch new criminal probe

Centerra Gold Inc. says its Kumtor subsidiary is the target of a fresh criminal investigation by the Kyrgyz Republic and that several senior managers have been advised they won't be allowed to leave the central Asian country....

‘Dadada’ not a good password, Zuckerberg is warned after weekend hack

​Facebook founder Mark Zuckerberg’s Twitter and Pinterest accounts are briefly hacked by a group calling itself OurMine....

Canadian baby boomers likely to inherit $750B in next decade

Canadians between 50 and 75 years old are set to inherit three quarters of a trillion dollars over the next decade, the largest intergenerational wealth transfer in Canadian history, CIBC says in a new report....

Petro-Canada gas shortages spread to Manitoba, Ontario

The fires in Fort McMurray and an unplanned outage at an Edmonton refinery have contributed to a gasoline shortage, Petro-Canada officials say....

Pricey produce prompts some shoppers to snub certain fruit, veggies

Some Canadians are snubbing expensive fruits and vegetables, instead turning to frozen produce and juice as less-pricey alternatives, a new survey by researchers from two universities has found....

Payday loan crackdown vs. the freedom to get dangerously into debt: Don Pittis

The U.S. crackdown on payday lending is reigniting a very old debate about those who earn profits by lending to the poorest. Don Pittis weighs the freedom to exploit and be exploited against the moral duty to intervene....

Vancouver mayor says it’s time to act to ‘rein in excesses of housing market’

Gregor Robertson says recent reports and recommendations from banks, real estate boards and economists has made it clear to him that it's time to deal with Vancouver's sky-rocketing real estate prices or the city's economy could suffer....

Canada’s Primero Mining wants NAFTA challenge against Mexico over tax on silver

Primero Mining Corp., which owns the San Dimas gold-silver mine in Durango, Mexico, says the Mexican government is trying to improperly collect more silver taxes from the Canadian-based company....

Swiss voters overwhelmingly reject proposal for unconditional basic income

Swiss voters overwhelmingly rejected a proposal that would have guaranteed everyone in the Alpine nation an unconditional basic income, according to projections published Sunday by public broadcaster SRF1. The idea has also been floated in Canada....

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