Prominent Regina lawyer Tony Merchant, the king of class action suits in Canada, got singled out in this CBC report. But he’s apparently only one of 450 Canadians whose names turned up following a massive leak of financial information received recently by the Washington, D.C.-based International Consortium of Investigative Journalists. The info relates to secret trusts and shell companies set up in off-shore tax havens in Europe, the Caribbean and the South Pacific.
All told, the leak identified 130,000 individuals world-wide who have engaged in sketchy activities to shelter income, whether obtained legally or illegally as in the case of drug smugglers, from domestic taxation by shifting it to off-shore tax havens.
