![]() "When my longtime lawyer recommended that I set up a trust. Stojko told CBC News that he relied on his lawyer to handle his finances, and had "no real involvement or interest" in any of it. Skate Canada, an organization that receives public funding, signed off on the transaction. The leaked files show Stojko transferred Canadian assets worth up to $6.5 million into an offshore trust in the Caribbean in 2007, while he was living in Mexico. The karate-chopping figure skater won hearts with his edgy Olympic performances and world championship wins, but the money from his success wasn't bad, either. Here are some of the most prominent names.Įlvis Stojko, seen in the men's short program during the Salt Lake City Winter Olympics in 2002, says he didn't even know which country his offshore trust was in until CBC mentioned it. The leaked files contain details on hundreds of offshore companies and accounts set up by or for Canadians. However, the anonymity provided in offshore jurisdictions, coupled with their minimal or non-existent tax on income, also makes them a magnet for money launderers, tax evaders, corrupt politicians and other criminals. There is nothing inherently illegal about having an offshore bank account or company, as long as it is properly declared to tax authorities, and plenty of major businesses operate overtly and legally in and through tax havens. "But we're now seeing the very people who could end the system … themselves benefiting from it." "When we published the Panama Papers a few years ago, there was a lot of outcry around the world saying that this was a system that needed to end," said Gerard Ryle, the ICIJ's director.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |