Up – With Canadian Imperial Bank of Commerce and Rising Prophets
BANKS AND THE BRAVE NEW IMPROVED CULTURE OF ENTITLEMENT
I recently read that Canada’s financial institutions employ 6% of the nations workforce while reaping 25% of the nations business profits.
In the past 10 years, these same Canadian banking institutions have shifted 565 billion dollars (more than half a Trillion) to “offshore tax havens”.
Much of this tax and money shuffle is legal. And much of it is illegal – money laundered through ‘shell companies linked to arms deals, drug lords and tax fraud.
The Tax Haven Data leak was revealed to the mainstream media on April 3, 2013 and is beginning to expose in detail some of the ways and means that the rich and powerful abuse their privilege in countries all over the globe.
Here is a great link to a Canadian Broadcasting Corporation news story and video entitled HOW IRISH REPORTER GOT HUGE TAX-HAVEN DATA LEAK.
The journalist is Gerard Ryle, and he now heads the Washington DC based International Consortium of Investigative Journalists – a project of the Center for Public Integrity – the organization that worked 8 months to break this important world wide story.
Photos were taken in the the courtyard of the Mary, Queen of the World Cathedral, on Dorchester Street in Montreal, Canada. Looking up, of course . . .