The company at the centre of the Panama Papers document leak has a B.C. connection, according to a Vancouver Sun report. A company named Mossack Fonseca (Canada) Inc. was incorporated in B.C. for 11 months.
UBC law professor David Duff commented that using offshore tax havens to hide money is illegal. Using them for tax avoidance can also be illegal depending on specific country rules and laws. Countries like Canada should have automatic information exchanges with governments to find out what is happening in offshore tax havens, Duff added.
A similar article appeared on MSN, Ottawa Citizen, Montreal Gazette, Calgary Herald, Times Colonist,
